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  |   Technicals


FxWirePro: EUR/GBP Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis:

- EUR/GBP was trading 0.41% higher on the day at 0.8461 at around 11:35 GMT

- The pair is extending choppy trade around 200-DMA, bias remains bullish

- Momentum is bullish. Stochs and RSI are sharply higher, RSI has edged above 50 mark

- GMMA indicator shows major trend is neutral while minor trend is turning bullish

- MACD and ADX support upside in the pair. Chikou span is biased higher

Support levels:

S1: 0.8436 (200-DMA)

S2: 0.8410 (200H MA)

Resistance levels:

R1: 0.8465 (110-EMA)

R2: 0.8493 (55-week EMA)

Summary: EUR/GBP pivotal at 200-DMA. Decisive break above will fuel further gains in the pair. 

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