After eight days of a bearish trend, EURGBP rebounded slightly. Intraday bias is unfavorable as long as resistance 0.8800 holds. At 0.87315 currently, it fell to an intraday low of 0.87027.
Technical Analysis
The pair is currently trading below 55 and 200- EMA and 365-EMA on the 4-hour chart.
Bearish Trend Confirmation: Any break below 0.8700 confirms an intraday bearish trend. A drop to 0.8660/0.8630/0.8600 is likely.
Near-Term Resistance: The near-term resistance is around 0.8750. Any violation above will take the pair to 0.8780/0.8825/0.8865/0.8900/0.8950.
Indicator Analysis (4-hour chart)
CCI (50): Bearish
Average Directional Movement Index: Neutral
Trading Recommendation
It is good to sell on rallies around 0.8748-50 with SL around 0.8800 for a TP of 0.8660.


FxWirePro: USD/JPY recovers slightly but bears are not done yet
FxWirePro: USD/CAD edges higher but bearish outlook persists
FxWirePro :GBP/AUD trends higher, but faces potential pitfalls
FxWirePro: EUR/NZD uptrend gains momentum but hurdles ahead
FxWirePro: GBP/USD retreats but trend is still bullish
EUR/GBP Bears in Control: Sell the Rally as 0.8800 Resistance Caps Upside
FxWirePro:EUR/AUD attracts buying interest, 50% fibonacci eyed
EURJPY Pauses After Multi-Year High – Bulls Eye 186 Breakout Above 183 Support
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD uptrend loses steam, remains on bullish path
NZDJPY: Mixed Signals Point to Bearish Bias Below 91.50 – Sell Rallies, Target 90
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD hovers near key support, looking vulnerable
FxWirePro- Major Pair levels and bias summary 



