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Chart - Courtesy Trading View
Technical Analysis:
- EUR/GBP was trading 0.41% higher on the day at 0.8461 at around 11:35 GMT
- The pair is extending choppy trade around 200-DMA, bias remains bullish
- Momentum is bullish. Stochs and RSI are sharply higher, RSI has edged above 50 mark
- GMMA indicator shows major trend is neutral while minor trend is turning bullish
- MACD and ADX support upside in the pair. Chikou span is biased higher
Support levels:
S1: 0.8436 (200-DMA)
S2: 0.8410 (200H MA)
Resistance levels:
R1: 0.8465 (110-EMA)
R2: 0.8493 (55-week EMA)
Summary: EUR/GBP pivotal at 200-DMA. Decisive break above will fuel further gains in the pair.
