Short EUR/GBP for 0.8460
Updated
EUR/GBP has broken below the 0.85 handle, intraday bias lower.
Daily charts show a bearish 7-DMA crossover on 21-DMA.
Techs indicate further downside, Stochs and RSI point south.
Good to short rallies, SL: 0.8535, TP: 0.8460
0.8460 is major trendline support. Violation there could see 0.8445 (50-DMA).
Break below 50-DMA could see drag till 0.8350 levels.
Daily charts show a bearish 7-DMA crossover on 21-DMA.
Techs indicate further downside, Stochs and RSI point south.
Good to short rallies, SL: 0.8535, TP: 0.8460
0.8460 is major trendline support. Violation there could see 0.8445 (50-DMA).
Break below 50-DMA could see drag till 0.8350 levels.
Note
EUR/GBP trades at 0.8410.Breaks below 50-DMA.
Scope for 83.50
Note
All targets hit.EUR/GBP has hit 83.52 before edging higher.
Spinning top on daily charts around 55-EMA (0.8383).
Close below needed for further downside.
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