FxWirePro: EUR/GBP pivotal at 110-EMA support, break below to see more weakness

Chart - Courtesy Trading View 

Technical Analysis:

- EUR/GBP was trading 0.29% lower on the day at 0.8637 at around 12:35 GMT

- The pair is extending weakness for the third consecutive session

- 110-EMA is offering immediate support at 0.8631, break below to plummet prices

- Momentum is bearish, Stochs and RSI are sharply lower, RSI is below 50 mark

- Price action is well below 200H MA, GMMA indicator has turned bearish on the intraday charts

Support levels - 0.8631 (110-EMA and trendline), 0.8565 (Lower BB)

Resistance levels - 0.8685 (5-DMA), 0.8701 (21-EMA)

Summary: EUR/GBP trades with a bearish bias. Break below 110-EMA will see more weakness. Scope for dip till 200-DMA at 0.8525.