EUR/GBP chart on Trading View used for analysis
- EUR/GBP is on track to close in the red for the 4th straight week, bias bearish.
- The pair is trading 0.11% lower on the day at 0.8696 at 1100 GMT.
- Price action has hit new 10-week lows at 0.8688, has slipped below 23.6% Fib.
- Technical studies are bearish. Scope for test of 38.2% Fib at 0.8698.
- Brexit optimism is supporting the Sterling, but political uncertainty will at some stage, cap the rally in GBP.
- Technicals for now are biased lower. We advise trade with tight stop loss.
Support levels - 0.8620 (Apr 2018 low), 0.8398 (38.2% Fib)
Resistance levels - 0.8762 (5-DMA), 0.8863 (200-DMA)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro: AUD/USD cedes early gains ,outlook bearish
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: AUD/USD gains some ground but outlook is bearish
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next 



