FxWirePro: EUR/GBP trades shy of 0.90 handle, outlook bullish

EUR/GBP chart - Trading View 

EUR/GBP hovers around 0.90 handle as the pair extends gradual grind higher.

The pair was trading 0.25% higher on the day at 0.8994 at around 04:00 GMT, after closing largely unchanged in the previous session.

Technical indicators have turned bullish for the pair, raising scope for upside resumption.

The pair is holding cloud support. The Chikou Span is biased higher. A potential 'Golden Cross' on the 2H charts adds to the upside bias.

Stochs and RSI have turned bullish. Volatility is rising.  5-DMA shows bullish crossover on 20-DMA.

With no major economic data set for release during the day, price action will remain at the mercy of political and Brexit news.

Bullish technical and rising volatility could carry the pair higher. Scope for gains till 61.8% Fib at 0.9183.

Major Support Levels: 

S1: 0.8963 (cloud top)

S2: 0.8924 (21-EMA)

S3: 0.8860 (55-EMA)

Major Resistance Levels: 

R1: 0.9015 (Upper BB)

R2: 0.9085 (50% Fib)

R3: 0.9183 (61.8% Fib)

Guidance: Good to go long on dips around 0.8985, SL: 0.8920, TP: 0.9015/ 0.9085/ 0.9175