- EUR/GBP is struggling at major resistance at 200-DMA (currently at 0.8818).
- The pair has been rejected at 200-DMA resistance on several occasions and we see further upside only on decisive break above.
- Price action is holding above daily cloud and 100-DMA. Momentum studies also support upside.
- Break above 200-DMA will see test of 38.2% Fib at 0.8882 ahead of major trendline resistance at 0.8915.
- On the flipside, rejection at 200-DMA could see test of 100-DMA at 0.8785. Violation there could drag the pair lower to test major trendline support at 0.8735.
- German unemployment and Eurozone CPI data will be in focus for further impetus.
Support levels - 0.88, 0.8795 (5-DMA), 0.8785 (100-DMA)
Resistance levels - 0.8818 (200-DMA), 0.8837 (June 7 high), 0.8882 (38.2% Fib)
Recommendation: Good to go long on decisive break above 200-DMA, SL: 0.8780, TP: 0.8835/ 0.8880
FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at -32.9275 (Neutral), while Hourly GBP Spot Index was at 27.0931 (Neutral) at 0745 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro- Major Crypto levels and bias summary
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: GBP/AUD gains some upside momentum but still bearish
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: USD/CAD extends decline on broad dollar weakness 



