EUR/GBP chart - Trading View
EUR/GBP was trading 0.30% lower on the day at 0.8472 at around 09:00 GMT, outlook is bearish.
The pair has slipped to fresh lows since February 2020 and charts indicate more downside for the pair.
A highly successful vaccination distribution program and the gradual reopening of the UK economy is keeping the pound supported.
Technical bias for the pair shows extension of weakness. Momentum strongly bearish and volatility is high and rising.
Analysis of GMMA indicator shows major and minor trend on the daily charts are strongly bearish.
Recovery attempts failed at 21-EMA. The pair is extending weakness below 76.8% Fib.
110-month EMA at 0.8464 is major hurdle for bears. Decisive break below will open downside. Scope for test of 88.6% Fib at 0.8415.


FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: USD/CAD dips below lower range, bearish bias increases
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro- Woodies Pivot(Major) 



