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Chart - Courtesy Trading View
EUR/GBP was trading 0.87% higher on the day at 0.8384 at around 11:50 GMT.
The pair has spiked past daily cloud and 50-DMA resistance, raising scope for further gains.
Disappointing UK Retail Sales figures weighed on the British pound, pushing the pair higher.
Data published by UK Office for National Statistics showed retail sales declined by 1.4% in March as against expectations for a reading of -0.3%.
Further, core retail sales (excluding auto motor fuel sales) also missed forecasts and fell by 1.1% during the reported month.
Technical indicators are turning bullish. Stochs and RSI are now biased higher. Momentum is bullish.
EUR/GPB is testing 110-EMA resistance at 0.8388, break above will see gains till 200-DMA at 0.8447.
