EUR/GBP chart - Trading View
EUR/GBP was trading 0.14% lower on the day at 0.8543 at around 12:20 GMT.
The pair edged higher from multi-week lows at 0.8530 hit earlier on the day after upbeat German PMI data.
The preliminary manufacturing activity report from IHS/Markit research showed German manufacturing sector unexpectedly quickened its pace of expansion in June.
German Manufacturing PMI printed at 64.9 in June vs. 63.0 expected. German Services PMI rose to 58.1 in June beating forecasts at 55.5.
The IHS Markit Flash Germany Composite Output Index rebounded to hit 123-month highs, arriving at 60.4 in June vs. 57.5 expected and May’s 56.2.
Upside looks limited. Recovery was capped at 55-hourly EMA. Bias is strongly bearish, scope for downside resumption.
The pair is on track to test major trendline support at 0.85 mark. Break below will open further downside. Next major bear target lies at 88.6% Fib at 0.8415.


FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
FxWirePro: USD/ZAR retreats but trend is still bullish
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro: USD/ CNY remains soft ahead of Fed decision
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro: GBP/AUD gains some upside momentum but still bearish
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity 



