EUR/GBP chart - Trading View
EUR/GBP was trading marginally higher on the day, at 0.9018, up 0.07% at around 04:40 GMT.
The British pound under slight pressure after UK's decision to impose four-week coronavirus lockdown.
The new restrictions, though less harsh, could lead to a negative fourth-quarter economic quarter.
Expectations that European Union and UK negotiators would reach a deal to avert a chaotic year-end Brexit will keep the pair supported.
Technical bias is bearish. Price action has slipped below daily cloud. GMMA indicator shows minor trend is strongly bearish.
Price action hovers around 110-EMA support. Dip till 200-DMA at 0.8908 likely. Bounce off 110-EMA and retrace above daily cloud negates bearish bias.
Support levels - 0.9015 (110-EMA), 0.8965 (Trendline), 0.8908 (200-DMA)
Resistance levels - 0.9040 (200H MA), 0.9055 (55-EMA), 0.9078 (cloud base)
