EURGBP- While EURGBP may be extending its weakness, its rising trendline support currently at 0.8067 level is likely to hold when tested. It is currently hesitating ahead of that level suggesting that a return above the 0.8242 level may occur on a hold at or above the mentioned trendline. Above the 0.8242 level could pave the way for a run at the 0.8300 level. Alternatively, support lies at the 0.8067 level where its trendline is located. Further down, the cross will have to break and hold below its trendline support (red) to put its broader upside bias in danger. In such a case, the 0.7960 level will be targeted. All in all, the cross remains biased to the downside on correction.
