EURGBP- Pressure Aims At The 0.8400 Level.
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EURGBP- Having maintained its downside pressure, EURGBP looks to recapture its psycho level at the 0.8400 level. A decisive violation of here will aim at the 0.8350 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, EURGBP will have to recapture the 0.8651 level to halt its current weakness and resume its recovery high. This if seen will target the 0.8700 level. Further out, upside objective comes in at the 0.8766 level and then the 0.8800 level. All in all, the cross remains biased to the downside.