EUR/GBP chart - Trading View
EUR/GBP was trading 0.51% higher on the day at 0.8644 at around 10:40 GMT.
The pair has tested 55-EMA and 23.6% Fib retracement and is on verge of cloud breakout.
Technical indicators have turned bullish. Stochs and RSI are biased higher and RSI has edged above the 50 mark.
The pair has paused 4 straight weeks of downside and breakout above cloud will ensure further upside.
UK reopening optimism continue to underpin the pound, despite rising cases of the Indian covid variant.
Focus on Bailey's speech for further impetus. Upbeat UK Retail Sales last week also keeps the pound buoyed.
Breakout above cloud will see further gains. Next major resistance lies at 110-EMA at 0.8712 ahead of 38.2% Fib at 0.8761.


FxWirePro-Major European Indices
FxWirePro- Major Crypto levels and bias summary
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro- Major Crypto levels and bias summary
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook 



