EURGBP pared most of its gains on board-based Pound sterling buying. As long as resistance 0.8800 holds, intraday bias is negative. Currently trading at 0.87259, it reached an intraday high of 0.87254.
Technical Analysis
The pair is currently trading above 55 and 200- EMA and 365-EMA on the 4-hour chart.
Bearish Trend Confirmation: Any break below 0.8720 confirms an intraday bearish trend. A drop to 0.8700/0.8660/0.8630/0.8600 is likely.
Near-Term Resistance: The near-term resistance is around 0.8780. Any violation above will take the pair to 0.8825/0.8865/0.8900/0.8950.
Indicator Analysis (4-hour chart)
CCI (50): Bearish
Average Directional Movement Index: Bearish
Trading Recommendation
It is good to sell on rallies around 0.8748-50 with SL around 0.8800 for a TP of 0.8600.


FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro: USD/ CNY gains some upside momentum but still bearish
AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
CAD/JPY Rockets on Blowout Canadian Jobs Surprise – Bulls Target 113-115 as BoC Cut Odds Collapse
FxWirePro- Major US Indices 



