Weakness in EURGBP this week threatens the recent bullish theme and has exposed support at 0.8278, Mar 7 low. A break of this level would highlight a stronger bearish reversal and exposes key short-term support at 0.8203, Mar 7 low. The cross is also once again trading below both the 20- and 50-day EMAs - a bearish development. For bulls, a recovery would refocus attention on 0.8458, Mar 17 high and a bull trigger.

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

Taso Anastasiou

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

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Bearish Threat