The counter has been in a steady decline for the last 3 months.
Now, it has hit a strong support level which could trigger some profit booking.
Further, the stochastic indicator has given a buy signal by crossing over from the oversold zone.
Hence, we expect the pair to be bullish in the short-term.
EURGBP seems vulnerable as the Pound has already seen a drop and is now stabilizing but Euro is still weak.
Sell @ 0.8950 with sl @ 0.8985 and tp 0.8930, 0.8910 and 0.8890
EUR - BEARISH
1️⃣ As rising coronavirus infections remain in the spotlight and enthusiasm over a working vaccine fades.
2️⃣ In Germany, the federal government and regional leaders will meet again in a week to discuss the need of further restrictions.
3️⃣ The Eurozone consumer prices dropped 0.3% from a year earlier in October 2020, matching the previous month's...
