EURGBP Chart Technical Outlook recovery stalls on downbeat Eurozone data, with 0.8590 holding bears so far.
The Euro is losing momentum on Wednesday’s European session weighed by weak Eurozone economic and industrial confidence figures, which have revived fears of a weaker economic outlook triggered by the downbeat PMIs seen last week.
The near-term bias remains positive, with the pair printing higher lows and jigger highs since bottoming at 0.8595 last week, with 0.8590 support defending the path towards
0.8555.
On the upside, resistances are 0.8628 and 0.8670.
