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Chart - Courtesy Trading View
Technical Analysis:
- EUR/GBP was trading 0.50% lower on the day at 0.8767 at around 09:10 GMT
- The pair has snapped 2-day upside, finds rejection at daily cloud
- MACD and ADX support upside in the pair. Chikou span is bisaed lower
- Momentum is bullish, Stochs are biased higher, RSI is above 50
- Volatility is high and rising, GMMA shows major trend is neutral, while minor trend is bullish
Support levels - 0.8751 (5-DMA), 0.8709 (21-EMA), 0.8679 (55-EMA)
Resistance levels - 0.8811 (Upper BB), 0.89, 0.8911 (Upper W BB)
Summary: EUR/GBP struggles at daily cloud. Technical bias remains bullish. Watch out for decisive break above for further upside.
