EUR/GBP chart - Trading View
EUR/GBP was extending previous session's weakness, bias strongly bearish as pair breaches crucial support levels.
The pound buoyed by the broad risk appetite triggered by the release of the first results of Pfizer’s COVID-19 vaccine.
The drug maker announced that the tests of its coronavirus vaccine reveal that it is 90% effective.
The pair was trading 0.65% lower on the day after closing 0.61% lower in the previous session.
Price action has breach crucial support levels at 'Symmetric Triangle' at 0.8968 and 200-DMA at 0.8921, raising scope for further downside.
Technical indicators have turned bearish. GMMA indicator shows minor trend is strongly bearish.
Stochs and RSI are biased lower and RSI is well below the 50 mark. Volatility is rising as evidenced by widening Bollinger bands.
Price action currently holds above 0.89 handle, hovers around 55W EMA at 0.8913. Scope for test of 110W EMA at 0.8838.


FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro- Woodies pivot (Major)
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst 



