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Chart - Courtesy Trading View
EUR/GBP was trading largely unchanged at 0.8450 at around 10:15 GMT.
The pair has paused at 110-EMA and daily cloud resistance, decisive break above required for upside continuation.
Data released earlier today showed German Industrial Production unexpectedly fell by 0.3% in December, missing consensus for a 0.4% rise.
Further, Eurozone’s investor sentiment extended its upbeat momentum in February, the latest data published by the Sentix research group showed on Monday.
The gauge jumped to 16.6 in February from 14.9 in January, beating forecasts for an advance to 15.2.
A current conditions index rose to 19.3 in February from 16.3. While an expectations index rebounded to 14.0 from 13.5, the highest reading since July 2021.
EUR/GBP trades with a bullish bias. Break above 110-EMA will see upside continuation. Scope for test of 200-DMA at 0.8510.
