EUR/GBP chart - Trading View
EUR/GBP was trading 0.24% higher on the day at 0.8582 at around 15:00 GMT, bias remains neutral.
The pair is extending choppy trade as price action remains capped between major moving averages - 55 and 110 EMAs.
Data Watch:
Eurozone’s investor sentiment continues to deteriorate in September, the latest data published by the Sentix research group showed on Monday.
The gauge dropped to 19.6 in September from 22.2 in August vs. a reading of 19.7 expected.
On the other side, German Factory Orders unexpectedly jumped in July, suggesting that the recovery in the manufacturing sector of Europe’s economic powerhouse is gaining momentum.
German Factory Orders jumped by 3.4% in July vs. -1% expected and 4.6% last, the latest data published by the Federal Statistics Office showed on Monday.
On an annualized basis, Germany’s Industrial Orders rose by 24.4% in the reported month vs. 26.5% previous and expected growth of 13.9%. The data outpaced expectations by a wide margin.
Major Support and Resistance Levels:
Support - 0.8556 (55-EMA), Resistance - 0.8593 (110-EMA)
Summary: The European Central Bank holds its policy meeting this week which could decide further direction for the pair.
A number of policy hawks have been calling for a step back in their huge asset buying programme, though President Christine Lagarde has sounded more dovish.
Bullish RSI divergence keeps scope for upside in the pair. Decisive break above 110-EMA and daily cloud resistance will see test of 23.6% Fib at 0.8650 ahead of 200-DMA at 0.8685.


BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Major European Indices
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major US Indices
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary 



