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EUR/GBP chart - Trading View
EUR/GBP was extending previous session's slump, trades 0.33% lower at 0.8901 at 09:25 GMT.
Price action closed below daily cloud and 200-DMA on Tuesday's trade opening downside in the pair.
MACD and ADX supports weakness. Stochs and RSI are sharply lower, momentum strongly bearish.
Volatility is rising as evidenced by widening Bollinger bands. GMMA indicator shows near-term trend has turned bearish.
The pair is on track to test trendline support at 0.8865. Violation there could accentuate downside.
On the flipside, 200-DMA is now major resistance at 0.8983. Retrace above will negate any bearish bias.
