EURGBP trades in a narrow range between 0.84319 and 0.83931 for the past two days. Intraday bias remains bearish as long as resistance 0.8550 holds. It hit an intraday low of 0.84146 and is currently trading around 0.84313.
Technical Analysis
The pair is currently trading below the 34- and below 55-EMA on the 4-hour chart.
Bearish Trend Confirmation: Any break below 0.83780 confirms an intraday bearish trend. A drop to 0.8340/0.8300 is likely.
Near-Term Resistance: The near-term resistance is around 0.8450. Any violation above will take the pair to 0.8500/0.8550/0.8605/ 0.8660/0.8765/0.8800.
Indicator Analysis (4-hour chart)
- CCI (50): Bearish
- Average Directional Movement Index: Bearish
Trading Recommendation
It is good to sell on rallies around 0.8428-30 with SL around 0.8478 for a TP of 0.8300.


FxWirePro: AUD/ USD eases as risk sentiment remains fragile
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro:USD/JPY hovers near 40-year, bias bullish
Bitcoin Holds Above $65K as Institutional Inflows Resume; Buy Dips Near $64K
CAD/JPY Surges on Broad-Based Canadian Dollar Buying
FxWirePro: USD/ZAR firms slightly, but downward resumption looks likely
JPY Action Bias: CADJPY Turns Extremely Bullish While Other Pairs Hold Positive Ground
FxWirePro- Major Crypto levels and bias summary
AUDJPY Bullish Momentum Ignites: Buy Dips Toward 115 Target
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY holds steady near 162 as traders await fresh catalysts
FxWirePro: AUD/USD edges higher as US- Iran war escalates
NZDJPY Bullish Setup: Buy Dips at 94.50 as Uptrend Holds Above All Key EMAs
FxWirePro:EUR/NZD downside pressure builds, key support level in focus 



