EUR/GBP chart - Trading View
EUR/GBP was trading rangebound at 0.8644 at around 08:40 GMT, with session high at 0.8648 and low at 0.8621.
The pair has paused upside at 55-EMA which is stiff resistance at 0.8661, break above will fuel further gains.
The single currency was buoyed by final Eurozone PMI prints and vaccine optimism across Europe.
Germany, France, Italy, and Spain report that they have sufficient supplies to vaccinate at least 57% of their populations by the end of June, earlier than projected, boosting sentiment.
Technical indicators have turned bullish on the intraday charts. GMMA indicator shows bullish shift in minor trend.
Price action has edged above 200H MA. MACD supports upside and a bullish 5-DMA crossover on 20-DMA buoys upside.
Break above 55-EMA and into the daily cloud will see test of 110-EMA at 0.8765. Rejection at 55-EMA negates any bullish bias.
