EURGBP declined sharply on the strong Pound sterling. It hit a low of 0.8450 and is currently trading around 0.84544.
The Policy divergence and weak Euro economic data put pressure on the pair at higher levels.
Technicals-
The pair is trading below 34- and 55 EMA in the hourly chart.
The near-term resistance is around 0.8480, a breach above targets 08520/0.8565. The immediate support is at 0.8450, any violation below will drag the pair to 08400/0.8345.
Indicator (hourly chart)
CCI (14)- Bearish
CCI (50)- Bearish
Average directional movement Index - bearish
It is good to sell on rallies around 0.84750-52 with SL around 0.8500 for a TP of 0.8400.


FxWirePro- Woodies pivot (Major)
FxWirePro:USD/JPY hovers near a four-decade low
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
FxWirePro: GBP/AUD bears maintain upper hand
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro- Major Crypto levels and bias summary
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
FxWirePro- Woodies pivot (Major)
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25% 



