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EUR/GBP chart - Trading View
EUR/GBP has breached the crucial 200-DMA support opening downside for the pair.
The pair was trading 0.13% higher on the day at 0.8730 at around 11:00 GMT after closing 0.53% lower in the previous session.
Price action is extending declines from 0.95 handle hit on 19th March trade, further downside on charts.
Momentum is strongly bearish. Major trend is neutral, but minor trend remains strongly bearish as evidenced by GMMA indicator.
Continued bearish momentum will see drag till 76.4% Fib at 0.8564. Bearish invalidation on retrace above 200-DMA.
