• EUR/GBP is seen trading a rising channel since Jan 2016, and has remained capped below the 0.80 handle.
   
• The pair is extending downside from fresh 20-month highs at 0.8117 hit on April 7th, down for the 4th straight session.
   
• Moving averages are turning south indicating some shift in trend, and 5-DMA is on the verge of a bearish cross-over on 10-DMA.
   
• Trade is rangebound, with highs at 0.7984 and lows at 0.7966, doji formed in the European session till now.
   
• Momentum has turned bearish on the daily charts with Stochs rolling over from overbought with a bearish crossover and RSI bouncing back from just over 70 levels.
   
• Our short call (http://www.econotimes.com/FxWirePro-EUR-GBP-struggles-at-the-080-handle-focus-on-UK-inflation-data-193044) is progressing. We recommend holding for targets