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  |   Technicals


FxWirePro: EUR/GBP Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis:

- EUR/GBP was trading 0.11% higher on the day at 0.8483 at around 13:10 GMT

- The pair is extending bounce off 200-DMA support, poised for upside resumption

- GMMA indicator shows major trend is bullish and minor trend is turning bullish

- RSI is above the 50 mark and biased higher, Stochs are turning bullish 

- Price action is above cloud and Chikou span is biased higher

Support levels - 0.8470 (5-DMA), 0.8456 (21-EMA), 0.8441 (200-DMA)

Resistance levels - 0.8489 (55-week EMA), 0.85, 0.8587 (110-week EMA)

Summary: EUR/GBP bias remains bullish as long as pair holds above 200-DMA. Scope for upside resumption and retest of yearly high above 0.86 mark. 

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