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Chart - Courtesy Trading View
Technical Analysis:
- EUR/GBP was trading 0.13% higher on the day at 0.8430 at around 13:55 GMT
- The pair has edged higher after two consecutive days of declines
- Upside remains capped at 200-DMA, decisive break above required for further upside
- GMMA indicator shows major trend is neutral, while minor trend is bearish
- Stochs show bearish shift from near overbought levels, RSI is still above the 50 mark
Support levels:
S1: 0.8366 (Trendline)
S2: 0.8351 (Lower BB)
Resistance levels:
R1: 0.8433 (200-DMA)
R2: 0.8446 (5-DMA)
Summary: EUR/GBP was trading with a neutral bias. Retrace above 200-DMA will fuel further upside in the pair.
