• EUR/GBP trades a narrow range, with a day's high at 0.8385 and a low of 0.7342.
   
• The cross ticked higher on Tuesday but remained well below 0.8400 handle.
   
• Downside in the pair was cushioned by fading risk-aversion sentiment after a failed military coup attempt in Turkey which supported the euro. 
   
• Markets will focus on the release of UK CPI and German ZEW Economic Sentiment, for clues on direction.
   
• ECB monetary policy meeting on Thursday would be the next big trigger for the pair.
   
• Strong support is seen by 20-DMA at 0.8317, weakness only on break below. Test of 0.8250 then likely.
   
• A decisive break above 0.8400 handle could boost the pair immediately towards 0.8450 resistance.