EURGBP showed a minor pullback due to short covering. It hit a high of 0.84326 and is currently trading around 0.84247.
The policy divergence between the ECB and BOE puts pressure on the pair at higher levels.
Technicals-
The pair trades below 34- and 55 EMA in the 4-hour chart.
The near-term resistance is around 0.8435, a breach above targets 0.8450/0.84610. The immediate support is at 0.8420, any violation below will drag the pair to 0.8400/0.83830 (Jul 17th, 2024). Any close below 0.83830 confirms that a temporary top formed around 0.8625, a major downtrend resumption.
Indicator (4-hour chart)
CCI (14)- Bearish
CCI (50)- Bearish
Average directional movement Index - bearish
It is good to sell on rallies around 0.8435 with SL around 0.8458 for TP of 0.83830.


FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: EUR/AUD downward momentum remains in place
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: USD/JPY edges higher but bulls lack punch
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary 



