EUR/GBP chart - Trading View
EUR/GBP was trading 0.49% lower on the day at 0.8809 at around 10:10 GMT, bias bearish.
The British pound was buoyed after upbeat UK Final Manufacturing PMI, weighing on the pair.
Data released by IHS Markit on Monday confirmed UK Final Manufacturing PMI at 54.1 in January, beating estimates at 52.9 and compared to 52.9 in the first readout.
Technical bias for the pair has turned bearish after breach of Falling Wedge pattern, scope for further downside.
Momentum indicators support downside. Analysis of GMMA indicator shows major and minor trend are strongly bearish.
Price action is showing a break below 200W MA at 0.8833. The pair is on track to test 61.8% Fib retracement at 0.8743.
200W MA is now immediate resistance at 0.8833. Failure to close below will negate any further bearish bias.


FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
FxWirePro- Woodies pivot (Major)
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD softens as risk appetite abates
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000 



