FxWirePro: EUR/GBP Daily Outlook

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.