EUR/GBP trades narrow range amid thin trade as most European markets remain closed on account of the Easter holiday. The pair has edged below the 0.79 handle and is currently trading around 0.7893 levels. Strong trendlin…
EUR/GBP trades narrow range amid thin trade as most European markets remain closed on account of the Easter holiday.
The pair has edged below the 0.79 handle and is currently trading around 0.7893 levels.
Strong trendline resistance is seen at 0.7945 levels, bullishness only on breaks above.
Price action remains well above the cloud and 200-DMA, daily Stochs are at overbought levels, but RSI strength seen at 59 levels.
On the downside daily cloud at 0.7754 offers strong support, breaks below will find next support at 0.7712 (23.6% Fib of retrace of 0.69812 to 0.79464 rise).
