EURGBP Retains Downside Pressure With Eyes On 0.8723 Area

21 September 2019, 18:52

EURGBP retains downside pressure with eyes on 0.8723 support zone. On the downside, support stands at the 0.8800 level where a violation will turn focus to the 0.8750 level. A break below here will aim at the 0.8700 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance lies at the 0.8850 level. A violation if seen will turn risk towards the 0.8900 level. Further up, resistance comes in at 0.8950 level followed by the 0.9000 level. All in all, EURGBP remains biased to the downside short term

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