Playing God or Doing Good? EUR/GBP: on pivotal support, Failure at 0.8471/65 to target the 0.8314/0.8239 zone…

Standing in the way of and going against a top i-Bank analyst…

 #OPINIONLEADER#  #EUR/GBP#  #traderoftheweek#  #Exness#  #RakutenSecuriti# 

 

 

 

 

EUR/GBP has sold off to the 0.8471 long-term pivot, this is currently being eroded. A break below here would imply a slump as low as the 200-month moving average at 0.8142.

Failure at 0.8471/65 on a closing basis would target 0.8314/.8239 as well as the 200-month moving average at 0.8142.

Initial resistance is the 20-day ma at 0.8542 and the 55-day ma at .8571 and the market will remain on the defensive while capped here.