EURGBP lost its gains on board-based Pound sterling selling. Intraday bias remains bearish as long as resistance 0.8550 holds. It hits an intraday low of 0.84146 and is currently trading around 0.84313.
Technical Analysis
The pair is currently trading below the 34- and below 55-EMA on the 4-hour chart.
Bearish Trend Confirmation: Any break below 0.8400 confirms an intraday bearish trend. A drop to 0.8378/0.8300 is likely.
Near-Term Resistance: The near-term resistance is around 0.8450. Any violation above will take the pair to 0.8500/0.8550/0.8605/ 0.8660/0.8765/0.8800.
Indicator Analysis (4-hour chart)
- CCI (50): Bearish
- Average Directional Movement Index: Bearish
Trading Recommendation
It is good to sell on rallies around 0.8470-725 with SL around 0.8520 for a TP of 0.8380.


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY holds steady near 162 as traders await fresh catalysts
AUDJPY Bullish Surge: Strong Australian Dollar Fuels Fresh Upside as Pair Holds Above 113.50 and All EMAs Align
JPY Action Bias: CADJPY Turns Extremely Bullish While Other Pairs Hold Positive Ground
Gold Loses Steam After Strong U.S. Retail Sales
FxWirePro: USD/ZAR firms slightly, but downward resumption looks likely
FxWirePro:EUR/NZD stuck In narrow ranges, focus on near term support
GBPJPY Bullish Surge: Strong Pound Ignites Fresh Upside on Fed-BOE Policy Divergence as All EMAs Align
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro:EUR/NZD downside pressure builds, key support level in focus
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR advances as South African rand weakens amid renewed Middle East tensions
NZDJPY Bullish Setup: Buy Dips at 94.50 as Uptrend Holds Above All Key EMAs
GBPJPY Pulls Back on Profit Booking but Bullish Setup Holds: Buy Dips Toward 223 



