FxWirePro: EUR/GBP resumes consolidative pattern as ECB volatility settles

• EUR/GBP is posting marginal gains on the day and is currently trading above 5-DMA at 0.7763.
   
• Calendar remains absolutely data-dry, with only Euro zone industrial production on the cards.
   
• The pair has resumed consolidative pattern after volatile trade post ECB rate cut decision.
   
• Technicals are inconclusive, we would prefer to remain on the sidelines for now.

Resistance Levels:

R1: 0.7792 (Mar 8th highs)

R2: 0.78

R3: 0.7812 (Feb 16th highs)

Support Levels:

S1: 0.7713 (Mar 7th lows)

S2: 0.7704 (23.6% Fib 0.69810 to 0.79280 rise)

S3: 0.7695 (Feb 16th lows)