• EUR/GBP has bounced off from major trendline support on Sept 6th trade.
   
• We have evidenced formation of successive spinning top and Doji on daily charts at lows which shows fading downside momentum.
   
• European Central Bank (ECB) rate decision is due later today. No major change expected, but Draghi's presser will be in focus for updates on economic and political situation in the euro area.
   
• Major support levels - 0.8406 (cloud top), 0.8397 (5-DMA), 0.8333 (Sept 6 low), 0.8325 (trendline).
   
• Major resistance levels - 0.8448 (10-DMA), 0.8474 (50-DMA), 0.85, 0.8530 (20-DMA).
   
• Our previous call (http://www.econotimes.com/FxWirePro-EUR-GBP-upside-capped-by-5-DMA-at-08392-long-break-above-274335) is progressing.
   
• Recommend holding for targets. Weakness only below 0.8325, violation there could see drag upto 0.8248 levels.