EUR/GBP chart on Trading View used for analysis
- EUR/GBP struggles at daily cloud top resistance, break above to see further upside.
- The pair has been rejected at session highs, trades 0.13% lower on the day at 0.8882 at the time of writing.
- Momentum studies are bullish. RSI is above 50 and MACD is showing a bullish crossover on signal line.
- We also evidence a bullish divergence on RSI and Stochs which raises scope for further gains.
- Break above cloud targets 61.8% Fib at 0.8929 ahead of 0.8939 (Oct 30 high) and 0.90 (78.6% Fib).
- On the flip side, retrace below 200-DMA negates bullish bias.
Support levels - 0.8877 (50% Fib), 0.8833 (200-DMA), 0.8808 (5-DMA)
Resistance levels - 0.8929 (61.8% Fib), 0.8939 (Oct 30 high) and 0.90 (78.6% Fib)
Recommendation: Stay long on break above daily cloud, SL: 0.8870, TP: 0.8930/ 0.90
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Bitcoin Sheds $491M in ETF Outflows and Retreats Below $64K; Sellers Reload for $50K
NZDJPY: The Kiwi Yen's Bull Run Hits a Brick Wall at 92 — Sell the Rally?
NZDJPY Bears Reload as 92 Resistance Caps Bounce; Sell-on-Rallies Eyed Toward 90
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
ETH Bounces as Shorts Cover, Yet ETF Bleed Warns $1,850 Resistance Won’t Break
Bank of America Posts Strong Q4 2024 Results, Shares Rise
FxWirePro- Woodies pivot (Major)
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
Stock Futures Dip as Investors Await Key Payrolls Data
FxWirePro: USD/CAD hits 14-month high , Scope for further upside
FxWirePro: GBP/NZD gaining momentum for a move towards 2.3350level
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
US Gas Market Poised for Supercycle: Bernstein Analysts
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 



