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Chart - Courtesy Trading View
Technical Analysis:
- EUR/GBP was trading 0.35% higher on the day at 0.8606 at around 11:30 GMT
- The pair is extending bounce off 21-EMA support, rises for the 3rd consecutive session
- 'Golden Cross' (bullish 50-DMA crossover on 200-DMA) adds to the upside bias
- Price action is above daily cloud and Chikou span is biased higher
Support levels - 0.8573 (5-DMA), 0.8546 (21-EMA)
Resistance levels - 0.8634 (Upper BB), 0.8718 (200-week MA)
Summary: EUR/GBP poised for more upside. Next major resistance lies at 200-week MA at 0.8718.
