EUR/GBP is again bouncing from a test of the £0.8490-09 support region. The 21-DMA comes in around the £0.8509 level today and i continue to look for a close below the Apr 12 low as confirmation of a break of the 21-DMA and a contuation lower that targets the £0.8410-20 region with the lower 21 day Bollinger band noted at £0.8421.
While the £0.8490-09 region continues to support a glimmer of hope remains for a bounce back to the £0.8590 levle which is why i keep suggesting buying dips back to that support region with a stop below £0.8490.
