FxWirePro: EUR/GBP finds major resistance at 0.9030, good to go long on break above

Refer EUR/GBP chart on Trading View

• EUR/GBP is trading 0.180% higher on the day at 0.9021 at the time of writing.
   
• The demand for the single currency remains firm as focus remains on the Jackson Hole Symposium.
   
• Price action is above daily cloud and upward sloping major moving averages support upside bias.
   
• The formation of a "Golden Cross" formation on the daily charts keeps scope for upside.
   
• The pair is holding above 21-EMA support and only break below could see minor weakness.
   
• Breakout at 0.9030 (Aug 9th high and strong trendline resistance) to see 0.91 levels.

Support levels - 0.8989 (5-DMA), 0.8949 (21-EMA), 0.8887 (50-DMA)

Resistance levels - 0.9030 (Aug 9th high), 0.9040 (Wedge top), 0.91 (trendline)

FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at 107.603 (Bullish), while Hourly GBP Spot Index was at 10.0771 (Neutral) at 0945 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.