EUR/GBP: With a sell off seeing EUR/GBP extending its downside pressure, the risk is for a move lower towards the 0.8300 level. A turn below here if seen will aim at the 0.8250 level.
Further down, support resides at the 0.8200 level where a breach will turn attention to the 0.8150 level. Conversely, EUR/GBP will have to return to the 0.8584 level to annul its present weakness.
Further out, resistance is seen at the 0.8600 level with a cut through here aiming at the 0.8650 level. Above here will aim at the 0.8700 level and subsequently towards the 0.8750 level. All in all, the cross remains biased to the downside medium term.
Guest post by FX Tech Strategy
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