Short EUR/GBP for 0.8460

FX:EURGBP   Euro / British Pound
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.
Comment: EUR/GBP trades at 0.8410.

Breaks below 50-DMA.

Scope for 83.50
Comment: 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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