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 slide extends ,eyes 2.2600 level
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro- Major Crypto levels and bias summary
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro: USD/CNY bears maintain upper hand 



