EUR/GBP chart - Trading View
- EUR/GBP is trading 0.13% higher on the day at 0.8540 at 1010 GMT.
- Upside in the pair lacks traction. Major trend in the pair remains bearish.
- 5-DMA is showing a turn southward. Upside on the daily charts is capped at 21-EMA.
- RSI and Stochs are biased lower and MACD supports weakness. Recovery was rejected at 50-DMA.
- 'Death Cross' formation (bearish 50-DMA crossover on 200-DMA) on the daily charts adds to the bearish bias.
- Scope for weakness till 0.8398 which is nearly converged 38.2% Fib and 200-W SMA.
- Break above 21-EMA will see upside till 50-DMA. Breakout at 50-DMA required for further upside.
Support levels - 0.85, 0.8417 (March lows till date), 0.8398 (nearly converged 38.2% Fib and 200-W SMA)
Resistance levels - 0.8572 (5-DMA), 0.8590 (21-EMA), 0.8666 (50-DMA), 0.8722 (Mar 21 high)
Recommendation: Stay short on upticks, SL: 0.8595, TP: 0.85/ 0.8420
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: GBP/AUD drifts lower after BOE rate decision
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro- Woodies pivot (Major)
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum 



