EUR/GBP chart - Trading View
EUR/GBP is extending trade in a 'Rising Channel' pattern, bias is bullish.
The pair is struggling at cloud top at 0.9078, break out of cloud to see further gains.
Momentum studies are bullish. Stochs and RSI are sharply higher. RSI is above 60 with scope for further upside.
Positive DMI dominance and rising ADX support further gains in the pair. Volatility is rising as evidenced by widening Bollinger bands.
Analysis of GMMA indicator shows major and minor trend are bullish. Breakout above cloud will see test of channel top at 0.9175.
21-EMA is immediate support at 0.8967. Bullish invalidation only below 200-DMA.
Major Support - 0.8819 (110-EMA)
Major Resistance - 0.9175 (Channel Top)
