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Chart - Courtesy Trading View
Technical Analysis: Bias Bearish
- EUR/GBP was trading largely unchanged at 0.8354 at around 10:40 GMT
- The pair has formed a Doji on the daily candle
- Price action has been rejected at Daily cloud
- GMMA indicator shows major trend is bearish
- Volatility is high and momentum is bearish
Support levels - 0.8350 (200H MA), 0.8306 (Feb 24th low), 0.8284 (Lower BB)
Resistance levels - 0.8364 (21-EMA), 0.8373 (20-DMA), 0.8388 (55-EMA)
Summary: EUR/GBP pauses upside at daily cloud. The pair is holding support at 200H MA on the intraday charts. Watch out for break below for further weakness.
