The primary trend of EUR/GBP
on charts and price is taking resistance of the trend line
in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA
and taking resistance of 50 day SMA
indicating downtrend of the pair. It is having an important resistance at the level of 0.7055 and support at the level of 0.6975. If it breaks its support level
on the downside and sustains below it then we can expect it to show further bearish
movement in the pair.
is sustaining in its selling zone indicating the upcoming bearish trend
in the pair.
is looking bearish
on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.