EURGBP is trading weak after forming a doji on Friday. As long as resistance at 0.8600 holds, intraday bias is bearish. Currently trading at 0.85530, it reached an intraday high of 0.85690.
Technical Analysis
The pair is currently trading below 55 and above 200- EMA and 365-EMA on the 4-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 (4-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.


FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot (Major)
FxWirePro: NZD/USD edges lower ahead Of FOMC decision
FxWirePro: USD/JPY trades in tight range ahead of event risks
Bitcoin Dips Below $76,000 Amidst ETF Outflows and Technical Signals
FxWirePro- Major Crypto levels and bias summary
Pressure on the Rupee: INR Slides to Seven-Week Low Amid Triple Macro Threat
FxWirePro: USD/CNY edges lower ahead of Fed outcome
FxWirePro: USD/CAD gains on dollar strength and weaker Canadian housing activity
FxWirePro- Woodies Pivot (Major)
FxWirePro: EUR/AUD edges higher but outlook is bearish
FxWirePro: GBP/USD slips as oil surge and higher Treasury yields lift dollar
FxWirePro: AUD/USD softens slightly , all eyes on Fed
FxWirePro: EUR/NZD steadies 2.0030, retains bid tone
FxWirePro: GBP/AUD neutral in the near term, scope for further downside
NZDJPY Faces Resistance: Sell on Rallies as Downtrend Favors Bears
Major Pair Currency Score: USDCAD and USDCHF Show Extreme Bullishness, EURUSD, GBPUSD, AUDUSD, and NZDUSD Bearish 



