The EURGBP trend needle continues to point south and the cross is trading at its recent lows. Price traded to a fresh YTD low yesterday and confirmed a breach of 0.8661, the May 11 low. This maintains the bearish sequence of lower lows and lower highs and it is worth noting that 50- and 200-dmas are on the cusp of death cross - a bearish technical signal. The focus is on 0.85983, the Dec 15 low. Initial firm resistance is at 0.8706 the 20-day EMA.

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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