Chart - Courtesy Trading View
Technical Analysis:
- EUR/GBP was trading largely unchanged at 0.8595 at around 12:30 GMT
- The pair has erased early gains and slipped lower from session highs at 0.8615
- Price action has shown a decisive break below 110-EMA
- Momentum is bearish, Stochs and RSI are sharply lower
- Price action is well below 200H MA, GMMA shows bearish intraday trend
Support levels - 0.8562 (Lower BB), 0.8529 (200-DMA)
Resistance levels - 0.8630 (110-EMA), 0.8681 (200H MA)
Summary: EUR/GBP trades with a bearish bias. Scope for test of 200-DMA at 0.8529.
