EURGBP trades weak for the 3rd consecutive week on policy divergence between the ECB and the BOE. As long as resistance at 0.8500 holds, intraday bias is bearish. Currently trading at 0.84534, it reached an intraday low of 0.84434.
Technical Analysis
The pair is currently trading below the 55 and above the 200-EMA and 365-EMA on the 4-hour chart.
Bearish Trend Confirmation: Any break below 0.8435 confirms an intraday bearish trend. A drop to 0.8400/0.8365 is likely.
Near-Term Resistance: The near -term resistance is around 0.8500. Any violation above will take the pair to 0.8550/0.8580/0.8660/0.8690/0.8725.
Indicator Analysis (4-hour chart)
CCI (50): Bearish
Average Directional Movement Index: Neutral
Trading Recommendation
It is good to sell on rallies around 0.8478-80 with SL around 0.8535 for a TP of 0.83650.


FxWirePro: GBP/NZD steadies around 2.3640 ,retains bid tone
FxWirePro: USD/CNY firms slightly, but downward resumption looks likely
FxWirePro: EUR/AUD bearish momentum builds ,eyes 1.5900 level
NZDJPY at a Crossroads: Sideways Range Binds Price Action as 90 Resistance Looms
BTCUSD Rebounds Past $83K as Risk Appetite Returns Despite Choppy ETF Flows
FxWirePro: USD/ CNY hovered near 3-1/2-year low ,vulnerable to more downside
Major Pair Currency Score: EURUSD & GBPUSD Bearish and Major Levels to Watch
Bullish Breakout: AUD/JPY Climbs Above 110 as Yen Momentum Fades
Major Pair Currency Score: Key Levels to Watch as EUR/USD, GBP/USD, NZD/USD and AUD/USD Turn Bearish, While USD/CAD Turns Bullish
FxWirePro: GBP/USD slips ahead of US inflation report and UK GDP figures
FxWirePro: EUR/AUD bearish momentum builds ,eyes 1.5900 level
FxWirePro: GBP/AUD consolidating around 1.8980, room for further gains
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: AUD/USD edges higher after hawkish RBA minutes
FxWirePro: USD/CAD climbs to 18-month peak after sharp Canadian employment decline
FxWirePro: USD/JPY eases slightly but outlook is bullish 



