- The euro declined against the British pound amid growing expectations that the new UK finance minister will announce more spending at next month’s budget.
- However, the downside appears limited as ongoing worries about Britain’s trade negotiations with the European Union dented the bid tone around the British currency.
- EUR/GBP is trading 0.3 percent down at 0.8364, having hit a high 0.8415 on Thursday, its highest since February 13.
- The pair faces major resistance at 21-DMA.
- Momentum indicators are bearish: RSI weak at 43, MACD supports downside and Stochs indicate a bearish crossover.
- Immediate resistance is located at 0.8408 (21-DMA), a break above could take it near 0.8415.
- On the downside, support is seen at 0.8356 (5-DMA), a break below could drag it till 0.8343.
Recommendation: Good to sell on rallies around 0.8385, with stop loss of 0.8408 and target price of 0.8343.


FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro- Woodies pivot (Major)
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro: GBP/AUD drifts lower after BOE rate decision 



