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EUR/GBP chart - Trading View
EUR/GBP was trading 0.34% higher on the day at 0.8720 at around 11:20 GMT.
The pair is consolidating break below 200-DMA, bears struggling to drag prices lower.
Major and minor trend are neutral as evidenced by GMMA indicator. Volatility is low and shrinking.
The pair is holding strong support at daily cloud, weakness only on break below.
Stochastics oscillators are at oversold and on verge of rollover into neutral. RSI is showing a slight turn.
The pair is extending sideways along 110-EMA support. Retrace above 200-DMA could negate any bearish bias.
On the flipside, break below daily cloud and resumption of weakness will see drag till 76.4% Fib at 0.8564.
Focus on UK ILO unemployment data (due Tuesday at 06:00 GMT) for further impetus.
