Chart - Courtesy Trading View
Technical Analysis:
- EUR/GBP spikes past 21-EMA resistance
- Price action breaks into the daily cloud
- Momentum is bullish, Stochs and RSI are bullish
- Volatility is high as evidenced by wide Bollinger bands
- MACD and ADX support upside in the pair
Support levels - 0.8463 (110-EMA), 0.8452 (21-EMA)
Resistance levels - 0.8567 (110-week EMA), 0.8622 (Upper W BB)
Summary: EUR/GBP trades with a bullish bias. Cloud breakout will propel the pair higher.
