EUR/GBP chart - Trading View
EUR/GBP is extending weakness below 200-DMA, bias remains bearish.
The pair was trading 0.44% lower on the day at 0.8684 at around 11:50 GMT.
The European Central Bank left interest rates unchanged as expected and eased TLTRO conditions, sending the euro lower across the board.
ECB left interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected.
ECB set to conduct new series of non-targeted pandemic emergency LTRO to support liquidity conditions in euro area financial system.
Focus now on ECB President Christine Lagarde's remarks on the monetary policy outlook in a press conference at 12:30 GMT.
EUR/GBP technically poised for further weakness. Price action below cloud, 200-DMA and 61.8% Fib retracement.
Volatility is rising, dip till 76.4% Fib at 0.8564 likely. Bearish invalidation only above 200-DMA.
Support levels - 0.8653 (Lower BB), 0.8564 (76.4% Fib)
Resistance levels - 0.8709 (110-EMA), 0.8730 (200-DMA)


Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
Stock Futures Dip as Investors Await Key Payrolls Data
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Urban studies: Doing research when every city is different
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
FxWirePro- Major Crypto levels and bias summary
China's Refining Industry Faces Major Shakeup Amid Challenges
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: GBP/USD recovers some ground but bears are not done yet 



