FxWirePro: EUR/GBP on track to test 200-DMA, stay short

• EUR/GBP trades with a bearish bias, momentum studies are biased lower.
   
• Pair on track to test 200-DMA at 0.8305, violation at 200-DMA could drag the pair to 0.8078 (50% Fib).
   
• Support levels - 0.8348 (38.2% Fib), 0.8333 (Sept 6 low), 0.8305 (200-DMA)
   
• Resistance levels - 0.8381 (5-DMA), 0.84, 0.8458 (20-DMA), 0.85
   
• Our previous call (http://www.econotimes.com/FxWirePro-EUR-GBP-on-track-to-test-200-DMA-at-08296-good-to-sell-rallies-444663) is progressing. 
   

Recommendation: Stay short.
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FxWirePro's Hourly EUR Spot Index was at -97.457 (Bearish), while Hourly GBP Spot Index was at 114.35 (Highly bullish) at 0725 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.