EURGBP pared most of its gains on board-based Pound sterling buying. As long as resistance 0.8800 holds, intraday bias is negative. Currently trading at 0.87353, it reached an intraday high of 0.87200.
Technical Analysis
The pair is currently trading below 55 and 200- EMA and 365-EMA on the 4-hour chart.
Bearish Trend Confirmation: Any break below 0.8720 confirms an intraday bearish trend. A drop to 0.8700/0.8660/0.8630/0.8600 is likely.
Near-Term Resistance: The near -term resistance is around 0.8750. Any violation above will take the pair to 0.8780/0.8825/0.8865/0.8900/0.8950.
Indicator Analysis (4-hour chart)
CCI (50): Bearish
Average Directional Movement Index: Bearish
Trading Recommendation
It is good to sell on rallies around 0.8748-50 with SL around 0.8800 for a TP of 0.8660.


FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro- Major US Indices
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro-Major European Indices
FxWirePro- Woodies Pivot(Major)
ETHUSD Dip: Prime Buy Zone to $3600 Targets
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro- Major European Indices
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro- Major Crypto levels and bias summary 



