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EUR/GBP chart - Trading View
Technical Analysis: Bias Bullish
- EUR/GBP extends gains for the 3rd straight session
- Price action has bounced off daily cloud and 50-DMA
- Stochs and RSI are biased higher, RSI is above 50
- 5-DMA has turned and price action has edged above 20-DMA
- GMMA indicator shows major and minor trend is bullish
- MACD is on verge of bullish crossover on signal line
Support levels - 0.9103 (21-EMA), 0.9054 (50-DMA)
Resistance levels - 0.92, 0.9255 (Trendline resistance)
Summary: EUR/GBP near-term outlook has turned bullish. The pair is on track to test major trendline resistance at 0.9255.
