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FxWirePro- Major Pair levels and bias summary 
- 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.
