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FxWirePro: EUR/GBP Daily Outlook

Chart - Courtesy Trading View Technical Analysis: - EUR/GBP spikes past 21-EMA resistance - Price action breaks into the daily cloud - Momentum is bullish, Stochs and RSI are bullish - Volatility is high as evidenced by …

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FxWirePro: EUR/GBP Daily Outlook
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Chart - Courtesy Trading View 

Technical Analysis:

- EUR/GBP spikes past 21-EMA resistance 

- Price action breaks into the daily cloud

- Momentum is bullish, Stochs and RSI are bullish

- Volatility is high as evidenced by wide Bollinger bands

- MACD and ADX support upside in the pair

Support levels - 0.8463 (110-EMA), 0.8452 (21-EMA)

Resistance levels - 0.8567 (110-week EMA), 0.8622 (Upper W BB)

Summary: EUR/GBP trades with a bullish bias. Cloud breakout will propel the pair higher.
 

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