I have been watching this pair for a while and specifically two levels of interest i.e. 0.8925 and 0.8980. Bulls took the pair right up to 0.8980 resistance, but I’m more interested to sell the pair at present. The pair has failed to close above 0.8980 on a DAILY closing and it sold off sharply to the 0.8980 support area this week. I’m waiting for the market to open on Sunday before making a decision, but my bias is still to the downside and only a DAILY close above 0.8980 will negate my bias. The next support area is around the 0.8370 support zone.

EURGBP - Bulls fail to retake 0.8980

Source: MARYNA

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