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Chart - Courtesy Trading View
EUR/GBP was trading 0.11% higher on the day at 0.8369 at around 12:40 GMT.
The pair is extending gains for the fourth consecutive session and is poised for further upside.
Price action has edged above 200H MA and GMMA indicator has turned bullish on the intraday charts.
Volatility is high and momentum indicators have turned. RSI is biased higher and has edged above the 50 mark.
Stochs have rolled over from near oversold levels. MACD is on verge of bullish crossover on signal line.
Support levels - 0.8362 (21-EMA), 0.8351 (200H MA), 0.8342 (5-DMA)
Resistance levels - 0.8384 (Cloud base), 0.8389 (55-EMA), 0.8431 (110-EMA)
Summary: EUR/GBP poised for further upside. 0.8385 (nearly converged 55-EMA and daily cloud) in sight.
