EUR/GBP- With corrective recovery attempts fading and strong sell off seen, the risk is for the cross to retake the 0.8251 level.
Further down, support comes in at the 0.8200 level. A clearance of here will turn attention to the 0.8150 level where a violation will aim at the 0.8100 level. Its daily RSI is bearish and pointing lower supporting this view.
Conversely, a return above the 0.8331 level will have to occur to open the door for a run at the 0.8400 level and then the 0.8466 level. All in all, the cross remains biased to the downside medium term.
Guest post by FX Tech Strategy
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