FxWirePro: EUR/GBP breaks below 21-EMA, further weakness on charts

EUR/GBP chart - Trading View 

EUR/GBP was trading 0.37% higher on the day at 0.8967 at around 07:20 GMT.

The pair has paused 4 straight sessions of downside and is holding support at 21-EMA.

Major trend as shown by the GMMA is bullish. Minor trend is bearish, break below 21-EMA required for bearish continuation.

MACD shows bearish crossover on signal line, raising scope for downside. Stochs and MACD are biased lower.

Next major support lies at 200-DMA at 0.8755. Break below could see shift in major trend to bearish.

Support levels - 0.8919 (Kijun sen), 0.8887 (50% Fib), 0.8755 (200-DMA)

Resistance levels - 0.9032 (38.2% Fib), 0.9052 (5-DMA), 0.9177 (200H MA)