EUR/GBP chart - Trading View
EUR/GBP shows signs of further recovery. The pair has held above 0.88 handle and was trading 0.23% higher at 0.8838 at 11:20 GMT.
The pound is under pressure after reports mentioned United Kingdom Prime Minister Boris Johnson has been taken to intensive care.
Technical indicators for the pair are turning slightly bullish. RSI has turned north and stochastics are at oversold with scope for rollover.
Price action has bounced off 200-DMA support and has retraced above 5-DMA. Major trend in the pair is neutral and minor trend is turning bullish.
Price action eyes 200H MA at 0.8886, break above confirms near-term bullishness. Retrace below 200-DMA will see resumption of weakness.
Immediate support lies at 200-DMA at 0.8751 ahead of 110-EMA at 0.8701 and then 50-DMA at 0.8693.
Break above 200H MA (0.8886) raises scope for test of 23.6% Fib at 0.8918 and then 38.2% Fib at 0.9029.
Support levels - 0.8751 (200-DMA), 0.8701 (110-EMA), 0.8693 (50-DMA)
Resistance levels - 0.8886 (200H MA), 0.8918 (23.6% Fib), 0.9029 (38.2% Fib)


Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Energy Sector Outlook 2025: AI's Role and Market Dynamics
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro- Major Pair levels and bias summary
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
China's Refining Industry Faces Major Shakeup Amid Challenges
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
Geopolitical Shocks That Could Reshape Financial Markets in 2025
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
Urban studies: Doing research when every city is different
2025 Market Outlook: Key January Events to Watch
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
Stock Futures Dip as Investors Await Key Payrolls Data
FxWirePro: GBP/USD outlook weaker on renewed downside pressure 



