FxWirePro: EUR/GBP Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis:

- EUR/GBP was trading 0.17% higher on the day at 0.8512 at around 12:45 GMT

- The pair is set to extend bounce off daily cloud support

- Minor pullbacks have bounced off 200H MA support (currently at 0.8834

- MACD confirms bullish crossover on signal line, Chikou span is biased higher

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

Support levels:

S1: 0.8866 (5-DMA)

S2: 0.8844 (21-EMA)

Resistance levels:

R1: 0.89 (Psychological mark)

R2: 0.8928 (Feb 17th high)

Summary: EUR/GBP was trading with a bullish bias. Weakness only below daily cloud.