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Chart - Courtesy Trading View
EUR/GBP was trading 0.43% lower on the day at 0.8810 at around 13:30 GMT, outlook is turning bearish.
The pair has slipped below 5-DMA and 200H MA, 5-DMA is turning south, raising scope for further downside.
Data released earlier on Tuesday showed German Consumer Price Index (CPI) declined to 8.6% in December's flash estimate from 10% in November, missing market expectation of 9%. On a monthly basis, the CPI was down 0.8%.
Meanwhile, the Harmonised Index of Consumer Prices (HICP) edged lower to 9.6% on a yearly basis from 11.3%, compared to analysts' estimate of 10.7%.
The single currency depressed after German inflation data. EUR/GBP poised for further downside. Dip till 21-EMA at 0.8758 likely.
