Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish 
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path 
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption 
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum 
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases 
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters 
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level 
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend? 
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings 
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead 
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish 
EUR/JPY Holds Bullish Bias as Euro Extends Recovery 
EUR/GBP chart - Trading View
Spot Analysis:
EUR/GBP was trading 0.26% higher on the day at 0.8615 at around 09:25 GMT
Previous Day's High/ Low: 0.8617/ 0.8583
Previous Week's High/ Low: 0.8709/ 0.8623
Fundamental Overview:
Hopes of upbeat ECB minutes for the April meeting keep the single currency buoyed, supporting the pair higher.
On the other side, the British pound remained well supported by the optimistic outlook for UK's economic recovery from the pandemic.
Technical Analysis:
- EUR/GBP has bounced off cloud base support
- Price action has broken above 5-DMA
- RSI is biased higher and Stochs are on verge of rollover from oversold levels
Major Support and Resistance Levels:
Support - 0.86, 0.8591 (5-DMA), 0.8564 (Lower BB)
Resistance - 0.8628 (200H MA), 0.8634 (21-EMA), 0.8654 (55-EMA)
Summary: EUR/GBP finds strong resistance at 21-EMA at 0.8634. Decisive break above could see more upside. On the flipside, breach below daily cloud will negate any upside bias.
