FxWirePro: EUR/GBP finds strong trendline support at 0.7945, good to buy dips

• EUR/GBP holds above strong trendline support, momentum studies bullish.
   
• Upside in the pair has stalled ahead of the 0.80 handle. The pair has hit fresh session highs at 0.7993.
   
• Offered tone surrounding the pound keeps growing bigger as oil price slump curbed the risk appetite this Monday denting demand for GBP.
   
• Price action holds above daily cloud and 200-DMA and the pair finds strong support by 0.7945 (trendline on 4H charts).
   
• Immediate resistance on the upside is seen at 0.8005 (10-DMA) ahead of 0.8028 (April 12th highs).
  ​

Recommendation: Good to buy dips around 0.7965/75, SL: 0.7940, TP: 0.80/0.8025/0.8050