EUR/GBP chart - Trading View
EUR/GBP is trading 0.21% higher on the day at 0.8607 at around 06:30 GMT, extending the previous session's whopping 1.14% gains.
The single currency shrugs off mixed vaccine news as EUR/GBP looks set to extend gains.
According to Business Insider reports, Germany is set to receive up to 880,000 covid vaccine doses shorter from Moderna Inc, as the delivery of the jabs planned for the end of April is canceled.
Further, reports from Italian daily, La Repubblica show that the European Medicines Authority (EMA) is expected to say that the blood clot cases are 'likely' linked to AstraZeneca vaccine.
That said, UK Health Secretary Matt Hancock announced the rollout of Moderna Inc.’s covid vaccine from Wednesday, which will help reduce concerns over the shortage of AstraZeneca’s jabs.
Technical bias for the pair has turned bullish. Stochs have rolled over from oversold levels and RSI is above 50 mark.
Bullish divergence on RSI and Stochs keeps scope for upside. Price action has broken above 21-EMA and is on track to test daily cloud at 0.8678.
21-EMA at 0.8568 is strong support. Failure to hold above will negate any bullish bias.


EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro: USD/JPY on nervous hold around 160.00
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
Kiwi-Yen Bulls Reload at 93: EMA Support Stack Points to 96–97 Targets
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
FxWirePro: GBP/NZD gains some ground but outlook is bearish
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117 



