Chart - Courtesy Trading View
EUR/GBP was trading 0.12% higher on the day at 0.8570 at around 09:30 GMT, after closing 0.24% higher in the previous session.
The single currency remains slightly bid after the release of mixed ZEW Surveys and Eurozone data.
The German ZEW headline numbers for May showed that the Economic Sentiment Index improved to -34.3 despite looming recession risks, from -41.0 previous and beating estimates of -42.0.
Meanwhile, the Current Situation sub-index slumped to -36.5 in May, below forecasts at -35.0 and compared to -30.8 recorded in the previous month.
The Eurozone ZEW Economic Sentiment Index stood at -29.5 in the current month as compared to the -43.0 previous reading and -41.0 expected.
Technical indicators support further upside in the pair. Immediate resistance lies at 110-week EMA at 0.8591. Watch out for decisive break above for further gains.
