Chart - Courtesy Trading View
Technical Analysis:
- EUR/GBP was trading 0.14% lower on the day at 0.8833 at around 15:00 GMT
- The pair is extending the brearish streak for the 6th consecutive session
- Price action is below 200H MA GMMA indicator has turned bearish on the intraday charts
- Momentum is bearish, Stochs and RSI are sharply lower, RSI is below 50 mark
- MACD confirms bearish crossover on signal line, Chikou span is biased lower
Support levels:
S1: 0.8825 (20-DMA)
S2: 0.8791 (55-EMA)
Resistance levels:
R1: 0.8861 (5-DMA)
R2: 0.8892 (200H MA)
Summary: EUR/GBP trades with a bearish bias. The pair is on track to test 55-EMA support. Break below will drag the pair lower to test daily cloud.
