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Chart - Courtesy Trading View
Technical Analysis: Bias Bearish
- EUR/GBP was trading 0.09% higher on the day at 0.8344 at around 12:30 GMT
- The pair is extending downside after recovery attempts were rejected at daily cloud
- GMMA indicator shows major and minor trend are bearish on the daily charts
- Price action is below major moving averages which are trending lower
Support levels - 0.83, 0.8289 (Lower W BB), 0.8265 (Wedge base)
Resistance levels - 0.8358 (5-DMA), 0.8375 (21-EMA), 0.8391 (200H MA)
Summary: EUR/GBP poised for further downside. Dip till 0.8265 likely.
