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Chart - Courtesy Trading View
Technical Analysis:
- EUR/GBP was trading 0.05% higher on the day at 0.8741 at around 11:45 GMT
- The pair has edged higher from session lows at 0.8699, finds buying at lows
- Price action has bounced off 110-EMA support, retraced above 21-EMA
- Momentum is bullish, Stochs have rolled over from oversold and RSI has edged above 50
- GMMA indicator shows major and minor trend are bullish on the intraday charts
Support levels:
S1: 0.8686 (21-EMA)
S2: 0.8666 (55-EMA)
Resistance levels:
R1: 0.8819 (Upper BB)
R2: 0.89
Summary: EUR/GBP has found strong support at 110-EMA. The pair has edged above 21-EMA, scope for further upside.
