FxWirePro: EUR/GBP finds major resistance at 0.8815, good to go long on break above

• EUR/GBP is extending grind higher, breaks above 100-DMA at 0.8792.
   
• The pair hit highs at 0.8809 before paring some gains to currently trade at 0.88 levels.
   
• Price action rages in 'Symmetric Triangle' pattern and finds stiff resistance at 0.8815 ' Triangle Top'.
   
• Technical indicators are biased higher. The pair has broken above daily cloud and is on track to test 'Triangle Top'.
   
• Break above ' Triangle Top' could see test of 200-DMA at 0.8846. Violation at 200-DMA will see further upside.
   
• On the flipside, 20-DMA is strong support at 0.8766, Break below to see major weakness.

Support levels - 0.8790 (100-DMA), 0.8766 (20-DMA), 0.8759 (5-DMA)

Resistance levels - 0.88, 0.8815 (Triangle Top), 0.8846 (200-DMA)

Recommendation: Watch out for break above 0.8815 to go long, SL: 0.8760, TP: 0.8846/ 0.89/ 0.8920

FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at 63.6469 (Neutral), while Hourly GBP Spot Index was at -40.0721 (Neutral) at 0630 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex. 

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