The EURGBP outlook is unchanged and remains bearish - corrections are shallow and this reinforces current bearish sentiment conditions. Furthermore, moving average conditions remain in a bear mode, reinforcing current trend conditions. 0.8450, Oct 10 low and a key support has been cleared. This opens 0.8379 next, a vol based support. Further out, there is scope for an extension below 0.8400 to open 0.8356, the Feb 26, 2020 low. Initial firm resistance is 0.8518.

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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Trend Signals Remain Bearish