- EUR/GBP is extending weakness after upside was capped short at Triangle Top.
- The pair has slipped below 50-DMA which is stiff resistance at 0.8761.
- Technical indicators are biased lower. RSI below 50, with further room for weakness.
- Stochs are sharply lower and we see -ve DMI dominance which adds to bearish bias.
- The pair is on track to test 61.8% Fib at 0.8682. Violation there could see test of Triangle base at 0.8655.
- On the upside, break above 50-DMA could see re-test of 0.8835.
Support levels - 0.8682 (61.8% Fib), 0.8655 (Triangle base), 0.8620 (Apr 17 low)
Resistance levels - 0.8761 (50-DMA), 0.8771 (5-DMA), 0.88
Recommendation: Good to go short on rallies around 0.8735/55, SL: 0.8770, TP: 0.8685/ 0.8655.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest.


FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY partially recovers early session losses
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: AUD/USD bulls struggles as upside momentum fades
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: NZD/USD softens on Iran peace talk failure
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead 



