Chart - Courtesy Trading View
EUR/GBP was trading 0.25% lower on the day at 0.8792 at around 10:00 GMT. The pair has bounced off daily cloud support, break below to drag the pair lower.
The single currency gains traction amid a positive shift in the risk sentiment, as fears ebb over the Credit Suisse crisis.
Focus now remains on the European Central Bank (ECB) monetary policy decision for fresh trading direction.
The central bank is largely expected to hike interest rates by 50 bps. Focus will be on Lagarde’s press conference and updated projections.
On the data front, final inflation figures in Italy showed the headline CPI rose 9.1% in the year to February.
Support levels:
S1: 0.8769 (Converged 110-EMA and cloud base)
S2: 0.8679 (200-DMA)
Resistance levels:
R1: 0.8808 (5-DMA)
R2: 0.8818 (55-EMA)
Technical Summary: EUR/GBP finds strong support at 0.8770 level. The pair trades with a bearish bias. 5-DMA is sharply lower. Momentum is bearish and volatility is high. Break below cloud will see more weakness.


FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates 



