EUR/GBP chart - Trading View
EUR/GBP surged over 0.70% on the day to hit 7-day high at 0.8639 before paring some gains to trade at 0.8634 at around 09:40 GMT.
After extending sideways for the past few sessions, the pair is now showing some upward momentum.
Price action is testing crucial resistance at 21-EMA at 0.8634, decisive break above could change near-term bias.
5-DMA has turned and Stochs and RSI are on verge of bullish rollover from oversold levels.
Price action has broken above 200H MA and analysis of GMMA indicator shows bullish shift on intraday charts.
Major trend is still bearish. Rejection at 21-EMA could see downside resumption. Decisive break above 21-EMA could see test of 55-EMA at 0.8747.
