EUR/GBP chart - Trading View
EUR/GBP was trading 0.28% higher at 0.8784 at around 12:30 GMT.
The pair has been extending sideways grind above 200-DMA and scope is building for further upside.
The sterling is expected to remain under pressure against the backdrop of rising confusion over the handling of the coronavirus crisis by the UK government.
Uncertainty surrounding UK-EU trade negotiations and the probability that the BoE could pump in extra stimulus at the next meeting also weighs on the pound.
On the data front, euro area flash Q1 GDP data due later this week will be in focus for further impetus.
Price action has broken above 21-EMA, technical indicators are turning bullish. RSI has edged above 50 mark and Stochs have edged higher.
GMMA indicator shows neutral bias. Break above 21-EMA has opened upside. Scope for test of daily cloud at 0.8890.


Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro:EUR/NZD gains some upside momentum but still bearish
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro : GBP/NZD strongly bearish despite upside attempts 



