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Chart - Courtesy Trading View
Technical Analysis:
- EUR/GBP was trading largely unchanged at 0.8790 at around 10:50 GMT
- The pair has formed at spinning top on the daily candle at the time of writing
- RSI is flat and holds below the 50 mark, Stochs are in neutral territory
- Price action is capped below 21-EMA and inside the daily cloud
- GMMA indicator shows major and minor trend are neutral
Support levels:
S1: 0.8771 (110-EMA)
S2: 0.8722 (Lower BB)
Resistance levels:
R1: 0.8810 (55-EMA)
R2: 0.8821 (20-DMA)
Summary: EUR/GBP trades with a neutral bias. Watch out for break below daily cloud for further weakness.
