100 day MA and 100 hour MA at 0.8554
The EURGBP held resistance earlier in the day near the 200 day MA (see green circles).
Yesterday, the 200 day MA also stalled the rally. The fall to the downside has now moved back below the 100 day MA at 0.8554 level. The 100 hour MA is also at that level. That is a key level and the market is trying to keep a lid against that level. Risk defining level. Stay below is more bearish and we could see a more focused move on heading lower. If the price moves above, it’s a failure and we could see sellers giving up.