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FxWirePro: EUR/GBP spikes higher to test 0.92 handle, no-deal Brexit fears dampen pound

EUR/GBP chart - Trading View EUR/GBP extends bounce off 50W MA, 'Golden Cross' (bullish 50-DMA crossover on 200-DMA) buoys upside. After closing over 1.25% higher on Thursday, the pair spikes higher for the 2nd straight …

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FxWirePro: EUR/GBP spikes higher to test 0.92 handle, no-deal Brexit fears dampen pound
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EUR/GBP chart - Trading View 

EUR/GBP extends bounce off 50W MA, 'Golden Cross' (bullish 50-DMA crossover on 200-DMA) buoys upside.

After closing over 1.25% higher on Thursday, the pair spikes higher for the 2nd straight session.

EUR/GBP was trading 0.71% higher at 0.9190 at around 12:00 GMT, edges lower from near 0.92 handle.

European Commission President, Ursula von der Leyen's comments that EU and UK have not bridged differences on fisheries.

No-brexit fears dampen the British pound across the board. Technical indicators support further gains.

Price action pivotal at Wedge Top resistance. Decisive break above will take the pair higher to test 2020 highs at 0.9291.
 

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