EURGBP showed a minor pullback after taking near trendline support. As long as resistance 0.8750 holds, intraday bias is negative. Currently trading at 0.86843, it reached an intraday low of 0.86843.
Technical Analysis
The pair is currently trading below 55 and 200- EMA and 365-EMA on the 4-hour chart.
Bearish Trend Confirmation: Any break below 0.8640 confirms an intraday bearish trend. A drop to 0.8600/0.8540 is likely.
Near-Term Resistance: The near-term resistance is around 0.8700. Any violation above will take the pair to 0.8750/0.8780/0.8825/0.8865/0.8900/0.8950.
Indicator Analysis (4-hour chart)
CCI (50): Bearish
Average Directional Movement Index: Neutral
Trading Recommendation
It is good to sell on rallies around 0.8698-70 with SL around 0.8750 for a TP of 0.8600.


FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: USD/ZAR sell bias remains below key resistance zone
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro- Woodies pivot (Major)
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: USD/JPY edges higher but bulls lack punch 



