EUR/GBP chart - Trading View
EUR/GBP was extending previous session's weakness, bias strongly bearish as pair breaches crucial support levels.
The pound buoyed by the broad risk appetite triggered by the release of the first results of Pfizer’s COVID-19 vaccine.
The drug maker announced that the tests of its coronavirus vaccine reveal that it is 90% effective.
The pair was trading 0.65% lower on the day after closing 0.61% lower in the previous session.
Price action has breach crucial support levels at 'Symmetric Triangle' at 0.8968 and 200-DMA at 0.8921, raising scope for further downside.
Technical indicators have turned bearish. GMMA indicator shows minor trend is strongly bearish.
Stochs and RSI are biased lower and RSI is well below the 50 mark. Volatility is rising as evidenced by widening Bollinger bands.
Price action currently holds above 0.89 handle, hovers around 55W EMA at 0.8913. Scope for test of 110W EMA at 0.8838.


EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro:EUR/NZD gains some upside momentum but still bearish
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict 



