EUR/GBP chart - Trading View
Spot Analysis:
EUR/GBP was trading 0.26% higher on the day at 0.8615 at around 09:25 GMT
Previous Day's High/ Low: 0.8617/ 0.8583
Previous Week's High/ Low: 0.8709/ 0.8623
Fundamental Overview:
Hopes of upbeat ECB minutes for the April meeting keep the single currency buoyed, supporting the pair higher.
On the other side, the British pound remained well supported by the optimistic outlook for UK's economic recovery from the pandemic.
Technical Analysis:
- EUR/GBP has bounced off cloud base support
- Price action has broken above 5-DMA
- RSI is biased higher and Stochs are on verge of rollover from oversold levels
Major Support and Resistance Levels:
Support - 0.86, 0.8591 (5-DMA), 0.8564 (Lower BB)
Resistance - 0.8628 (200H MA), 0.8634 (21-EMA), 0.8654 (55-EMA)
Summary: EUR/GBP finds strong resistance at 21-EMA at 0.8634. Decisive break above could see more upside. On the flipside, breach below daily cloud will negate any upside bias.


FxWirePro-Major European Indices
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
ETHUSD Dip: Prime Buy Zone to $3600 Targets
FxWirePro: USD/CAD slips as oil rally boosts loonie 



