Chart - Courtesy Trading View
Technical Analysis: Bias Bearish
GMMA Indicator
- Major and minor trend is bearish
Ichimoku Analysis
- Price action is below cloud and Chikou span is supporting downside
Oscillators
- Stochs and RSI are sharply lower, momentum is strongly bearish
- Stochs are in oversold zone, but no signs of reversal seen
Bollinger Bands
- Widely spread Bollinger bands suggest high and rising volatility
- Price action is grinding lower along lower Bollinger band
Major Support Levels: 0.8420 (Trendline), 0.8387 (Lower W BB)
Major Resistance Levels: 0.8441 (5-DMA), 0.8478 (21-EMA)
Summary: EUR/GBP poised for further downside. Dip till 0.82 levels in the near-term likely.
