EUR/GBP Technical Analysis: Eases from tops post-ECB, dips below 0.8600 mark ahead of Draghi

   •  The cross trimmed a part of its early gains and has now retreated back to the 0.8600 handle in reaction to the change in ECB's rate guidance, now sees holding steady at least through this year.

   •  Despite a modest pull-back, the fact that the cross is holding above 200-hour SMA clearly points to bearish reluctance amid reemerging Brexit uncertainties over the Irish backstop issue. 

   •  Meanwhile, technical indicators on hourly charts have been gaining positive traction but maintained their bearish bias on the daily chart, warranting some caution for bullish traders.

   •  Hence, it would be prudent to wait for a sustained move in either direction as the focus now shifts to the ECB President Mario Draghi's post-meeting press conference for some fresh impetus.

EUR/GBP 1-hourly chart