EUR/GBP chart - Trading View
EUR/GBP was trading 0.24% higher on the day at 0.8582 at around 15:00 GMT, bias remains neutral.
The pair is extending choppy trade as price action remains capped between major moving averages - 55 and 110 EMAs.
Data Watch:
Eurozone’s investor sentiment continues to deteriorate in September, the latest data published by the Sentix research group showed on Monday.
The gauge dropped to 19.6 in September from 22.2 in August vs. a reading of 19.7 expected.
On the other side, German Factory Orders unexpectedly jumped in July, suggesting that the recovery in the manufacturing sector of Europe’s economic powerhouse is gaining momentum.
German Factory Orders jumped by 3.4% in July vs. -1% expected and 4.6% last, the latest data published by the Federal Statistics Office showed on Monday.
On an annualized basis, Germany’s Industrial Orders rose by 24.4% in the reported month vs. 26.5% previous and expected growth of 13.9%. The data outpaced expectations by a wide margin.
Major Support and Resistance Levels:
Support - 0.8556 (55-EMA), Resistance - 0.8593 (110-EMA)
Summary: The European Central Bank holds its policy meeting this week which could decide further direction for the pair.
A number of policy hawks have been calling for a step back in their huge asset buying programme, though President Christine Lagarde has sounded more dovish.
Bullish RSI divergence keeps scope for upside in the pair. Decisive break above 110-EMA and daily cloud resistance will see test of 23.6% Fib at 0.8650 ahead of 200-DMA at 0.8685.


FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro:EUR/AUD eases but bullish outlook persists
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro- Major European Indices
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Woodies Pivot(Major)
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro- Major Pair levels and bias summary 



