EUR/GBP: Vulnerable, Eyes Move Towards 0.8855 Zone

EUR/GBP– The cross remains biased to downside and looks to extend that weakness with eyes on 0.8855 level. Support lies at the 0.8850 Level where a violation will turn focus to the 0.8800 level. A break will expose the 0.8750 level. Its daily RSI is bearish and pointing lower suggesting further decline. Resistance resides at the 0.8950 level where a violation if seen will turn risk towards the 0.9000 level. Further up, resistance resides at 0.9050 level followed by the 0.9100 level. All in all, EUR/GBP remains biased to the downside on further weakness

EUR/GBP Daily Chart

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