EURGBP pared most of its gains on board-based Pound sterling buying. As long as resistance 0.8800 holds, intraday bias is negative. Currently trading at 0.87353, it reached an intraday high of 0.87200.
Technical Analysis
The pair is currently trading below 55 and 200- EMA and 365-EMA on the 4-hour chart.
Bearish Trend Confirmation: Any break below 0.8720 confirms an intraday bearish trend. A drop to 0.8700/0.8660/0.8630/0.8600 is likely.
Near-Term Resistance: The near -term resistance is around 0.8750. Any violation above will take the pair to 0.8780/0.8825/0.8865/0.8900/0.8950.
Indicator Analysis (4-hour chart)
CCI (50): Bearish
Average Directional Movement Index: Bearish
Trading Recommendation
It is good to sell on rallies around 0.8748-50 with SL around 0.8800 for a TP of 0.8660.


FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro:NZD/USD remains vulnerable as Trump's latest deadline leaves investors on edge
FxWirePro- Major European Indices
Kiwi Under Pressure: NZDJPY Signals Bearish Turn as Resistance at 92.00 Holds Firm
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro: AUD/USD recovers slightly from early decline but bears are not done yet
FxWirePro- Woodies Pivot(Major)
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
FxWirePro: USD/JPY holds range near 160 as intervention risks loom
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
Bitcoin Resilience: BTC Reclaims USD 69,000 as Geopolitical Tensions Ease
FxWirePro- Major European Indices
Ethereum Joins the Rally: ETH Reclaims USD 2,100 Following Bitcoin's Lead
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm 



