EURGBP retest near its previously broken resistance level 0.85184 and showed a minor pullback. Intraday bias remains bullish as long as support 0.8500 holds. It hits an intraday high of 0.85861 and is currently trading around 0.85839.
Technical Analysis
The pair is currently trading above the 34- and below 55-EMA on the 4-hour chart.
Bearish Trend Confirmation: Any break below 0.8500 confirms an intraday bearish trend. A drop to 0.8450/0.8400/0.8380/0.8300 is likely.
Near-Term Resistance: The near-term resistance is around 0.8600. Any violation above will take the pair to 0.86650/0.8700.
Indicator Analysis (4-hour chart)
- CCI (50): Bullish
- Average Directional Movement Index: Neutral
Trading Recommendation
It is good to buy on dips around 0.8550 with SL around 0.8500 for a TP of 0.8700.


FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro- Major Crypto levels and bias summary
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro- Woodies pivot (Major)
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY edges higher but bulls lack punch
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets 



