EURGBP broke minor trend line support after forming a temporary top around 0.85819. As long as resistance at 0.8600 holds, intraday bias is bearish. Currently trading at 0.85656, it reached an intraday low of 0.85646.
Technical Analysis
The pair is currently trading below 55 and above 200- EMA and 365-EMA on the 1-hour chart.
Bearish Trend Confirmation: Any break below 0.8550 confirms an intraday bearish trend. A drop to 0.8500/0.8450/0.8400 is likely.
Near-Term Resistance: The near -term resistance is around 0.8600. Any violation above will take the pair to 0.8660/0.8690/0.8725.
Indicator Analysis (1-hour chart)
CCI (50): Bearish
Average Directional Movement Index: Bearish
Trading Recommendation
It is good to sell on rallies around 0.8578-80 with SL around 0.8630 for a TP of 0.8500/0.8450.


NZDJPY Bullish Setup: 800-EMA Support Fuels Buy Signal Above 93.60
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD extends loses as bearish sentiment grips
FxWirePro: USD/CAD eases as soft US PPI data weighs on dollar
Currency Major Pairs: GBPUSD & AUDUSD Extremely Bullish as USDCAD Turns Deeply Bearish and Major levels to watch
AUDJPY Bullish Dip-Buy Setup: All EMAs Align for Run to 115
FxWirePro: USD/JPY steadies around 159.30,retains bid tone
FxWirePro: USD/CNY hovers near a 3-1/2-year low, outlook bearish
FxWirePro: EUR/ AUD retreats, focus on near term support
GBP/JPY Surge: Broad Sterling Buying Eyes 217.00 Target
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD gains modestly as softer U.S. data pressures greenback
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD rises to 1-month peak as USD weakens
FxWirePro : EUR/NZD faces downside pressure ,eyes 1.9650 level
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary 



