• EUR/GBP edges lower from session high of 0.7972, bias remains higher.
   
• Technicals support upside, Stochs RSI and MACD are biased higher, price action tags on upper Bollinger Band which is seen expanding.
   
• 61.8% Fib at 0.7906 is now major support on the downside, we see weakness only on break below 0.7875 (trendline resistance turned support).
   
• All eyes now remain on the much-awaited UK inflation report, which is due to be published at 8.30GMT.
   
• A better CPI print could rescue the GBP bulls, however, reaction could be more like a knee-jerk one amid dominant Brexit theme this week.
   
• Contrarily, a weaker-than-expected headline and core CPI print will add to the sustained weakness in GBP, EUR/GBP could spike to 0.80 levels.
   
• Euro-zone industrial production and employment details might provide some tradable moves during European trading session.
   
• We had advised a long in the pair (http://www.econotimes.com/FxWirePro-EUR-GBP-extends-gains-above-079-handle-good-to-go-long-on-dips-220798).
   
• TP1&2 have been achieved, book partial profits, recommend holding for upside.