Chart - Courtesy Trading View
Technical Analysis: Bias Bearish
- EUR/GBP was trading 0.09% lower on the day at 0.8321 at around 06:20 GMT
- Recovery attempts in the pair lack traction, upside capped at 5-DMA
- Price action is extending weakness after rejection at 110-EMA and daily cloud
- Stochs and RSI are sharply lower, momentum is with the bears
- MACD confirms bearish crossover on signal line, ADX supports weakness
Support levels - 0.83, 0.8245 (Channel base), 0.8202 (yearly low)
Resistance levels - 0.8342 (5-DMA), 0.8355 (21-EMA), 0.8370 (55-EMA)
Summary: EUR/GBP trades with a bearish bias. Scope for test of channel base at 0.8245.


FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
GBPJPY Slips After Sterling Weakness, Bears Eye 216
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro :USD/JPY eases slightly, remains on bullish path
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro: NZD/USD edges lower, remains on back foot
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias 



