Chart - Courtesy Trading View
Technical Analysis:
GMMA Indicator
- Daily: Major trend is bearish, minor trend has turned bullish
- Hourly: Major and minor trend are bullish
Ichimoku Analysis
- Price action remains capped inside the daily cloud
- The pair trades well below the weekly cloud
Oscillators
- Stochs and RSI show bullish momentum
- RSI is well above the 50 mark, supporting the current uptrend
Bollinger Bands
- Bollinger bands are spread wide apart, gap is increasing
- Volatility is high and rising
Major Support Levels: 0.8487 (55-EMA), 0.8465 (21-EMA)
Major Resistance Levels: 0.8522 (110-EMA), 0.8558 (200-DMA)
Summary: EUR/GBP capped at 110-EMA and daily cloud. Decisive break above will see further upside. Scope for test of 200-DMA at 0.8558.
