EUR/GBP Is Weak On Charts

SUMMARY :-

The EUR/GBP is in consolidation phase, but from past few trading sessions, the pair is sustaining on the falling trend line with a negative bias, it is sustaining on the breakout level, if the pair breaks the  0.7900 levels, we can expect it to test the level of 0.7878 downside. Prices are also taking the resistance from 30 SMA & can come down, supporting the downside movement in the pair. RSI is also sustaining in selling territory indicating the bearish sentiment in the market.

STRATEGY:- 

For Today, EUR/GBP is looking weak on chart. We can expect downside movement for few upcoming session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

Pivot Points 

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.2072	1.2196	1.2269	1.2393	1.2466	1.2590	1.2663
GBP/USD	1.5279	1.5411	1.5493	1.5625	1.5707	1.5839	1.5921
USD/JPY	114.37	115.33	116.99	117.95	119.61	120.57	122.23
USD/CHF	0.9476	0.9534	0.9632	0.9690	0.9788	0.9846	0.9944
AUD/USD	0.7938	0.8021	0.8073	0.8156	0.8208	0.8291	0.8343
EUR/GBP	0.7848	0.7876	0.7900	0.7928	0.7952	0.7980	0.8004
USD/CAD	1.1451	1.1504	1.1568	1.1621	1.1685	1.1738	1.1802
NZD/USD	0.7534	0.7608	0.7656	0.7730	0.7778	0.7852	0.7900

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