EUR/GBP- The cross remains biased to the downside and looks to extend that weakness with eyes on the 0.8855 level. Support lies at the 0.8850 level where a violation will turn focus to the 0.8800 level.
A break will expose the 0.8750 level. Its daily RSI is bearish and pointing lower suggesting further decline. Resistance resides at the 0.8950 level where a violation if seen will turn risk towards the 0.9000 level. Further up, resistance resides at the 0.9050 level followed by the 0.9100 level. All in all, EUR/GBP remains biased to the downside on further weakness
Leave A Comment