EURGBP traded flat for the past week. It hit a high of 0.84474 and is currently trading around 0.843454.
The pair showed a minor decline after UK jobs data. UK ILO unemployment rate dropped to 4.1% in three months to July in line with the estimated 4.1%%. Prior 4.2%.
Claimant count change - 23.7K vs 95.5K expected
Technicals-
Intraday trend is neutral.
The pair is trading below 34- and above 55 EMA in the 4-hour chart.
The near-term resistance is around 0.84475, a breach above targets 0.84536 (23.6% fib)/0.84864. Any close above 0.84865 confirms intra-day trend reversal, a jump to 0.8540 is possible. The immediate support is at 0.8400, any violation below will drag the pair to 0.83830 (Jul 17th, 2024). Any close below 0.83830 confirms resumption of major downtrend, a dip to 0.8330/$0.82550 is possible.
Indicator (4-hour chart)
CCI (14)- Bearish
CCI (50)- Bullish
Average directional movement Index - Neutral
It is good to stay away.


FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: USD/CNY edges higher but bulls lack punch
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro- Major Crypto levels and bias summary
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD bears maintain upper hand
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
FxWirePro: USD/CAD edges lower but bullish outlook persists
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity 



