EURGBP showed a minor sell-off due to policy divergence between the ECB and BOE. As long as support 0.8660 holds, intraday bias is positive. Currently trading at 0.87294, it reached an intraday low of 0.87200.
Technical Analysis
The pair is currently trading above 55 and 200- EMA and 365-EMA on the 4-hour chart.
Bearish Trend Confirmation: Any break below 0.8700 confirms an intraday bearish trend. A drop to 0.8660/0.8630/0.8600/0.8560/0.8520/0.8480 is likely.
Near-Term Resistance: The near-term resistance is around 0.8752. Any violation above will take the pair to 0.8800/0.8850.
Indicator Analysis (4-hour chart)
CCI (50): Bullish
Average Directional Movement Index: Bullish
Trading Recommendation
It is good to buy on dips around 0.8700 with SL around 0.8660 for a TP of 0.8800.


FxWirePro- Major Pair levels and bias summary
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: AUD/USD hovers near three –month high, scope for further upside
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210? 



