- EUR/GBP retreats from 0.8400 ahead of UK Construction PMI and Eurozone Sentix Index data.
- The pair is trading an extremely range as we head into the European open. Bid tone around the sterling firming as we write weighing on EUR/GBP.
- The pair is trading at 0.8380 levels after briefly testing levels last seen in December 2013 above the 0.8400 handle.
- Techs on weekly charts are heavily bullish, Stoch RSI and MACD show scope for further upside.
- Our previous call (http://www.econotimes.com/FxWirePro-EUR-GBP-finds-major-resistance-at-08330-levels-break-above-to-target-084-227771) has hit target1.
- Immediate support is seen at 50-DMA by 0.8338 and resistance is located at 0.84.
- Break below 0.8202 (June 29th low) could see downside upto 0.7984 (20-DMA). On the flip side a decisive break above 0.84 could see test of 0.8467 (Dec 17th 2013).
We recommend holding for upside. Break below 0.8202 invalidates bullish bias


FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: AUD/USD retreats slightly but trend is still bullish
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout 



