EUR/GBP stalled right near daily downtrend resistance at 0.8555 and has dipped back below the 100 day average of 0.8534 as the market pares back positions ahead f tomorrow’s UK GDP data.
Bad news for the UK is baked in the cake so the risk is for a EUR/GBP pullback if the data surprises to the topside as the pound recovers further. Hourly uptrend support comes in around 0.8505 on dips.
