FxWirePro: EUR/GBP struggles at major resistance at 0.8610, upside only on break above

• EUR/GBP struggles to clear major trendline resistance at 0.8620 on Thursday's trade.
   
• Intraday bias for the pair is higher, momentum studies are bullish, RSI strength at 60 with scope for further upside.
   
• The single currency finds bids ahead of euro area flash PMI data, EUR/GBP 0.31% higher on the day.
   
• Break above trendline resistance at 0.8610 likely to see further upside.
   
• On the flipside, dip into daily cloud could drag the pair lower to 0.8468 (Sept 15 low) and further weakness could see test of 50-DMA at 0.8493.
   
• Major support levels - 0.8540 (cloud top), 0.8538 (10-DMA), 0.8493 (50-DMA)
   
• Major resistance levels - 0.86, 0.8610 (trendline), 0.8631 (Sept 20 high), 0.8692 (Aug 19 high)
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Recommendation: Good to go long on breakout above 0.8610, SL: 0.8540, TP: 0.87/ 0.8720