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Chart - Courtesy Trading View
EUR/GBP was trading 0.55% higher on the day at 0.8408 at around 10:45 GMT.
The pair snapped 2-days of downside and edged higher as the single currency gained traction amid optimism in the geopolitical landscape.
Hopes remain of a diplomatic end to the war in light of another round of talks between Russian and Ukrainian officials later on Monday.
Price action is inside the daily cloud. Chikou span is biased higher, supporting upside in the pair.
Momentum is bullish, Stochs and RSI are sharply higher. Volatility is high and rising. MACD supports upside in the pair.
Support levels - 0.8372 (55-EMA), 0.8351 (21-EMA), 0.8341 (20-DMA)
Resistance levels - 0.8414 (110-EMA), 0.8441 (Cloud top), 0.8477 (200-DMA)
Summary: EUR/GBP finds stiff resistance at 110-EMA. Technical bias is bullish. However, break above required for upside continuation.
