FxWirePro: EUR/GBP extends gains above 0.79 handle, good to go long on dips

• EUR/GBP extends gains above 0.79 handle after breaking major resistance at 0.7880.
   
• Risk-off in Asia post below estimates Chinese data has been supportive of the single currency, pushing the cross to flirt with fresh multi-week tops in the vicinity of 0.7949.
   
• 'Brexit' worries might continue capping any sharp upside for the Pound, thus limiting near-term downside for EUR/GBP.
   
• The pair is on track to test major resistance at 0.7947, break above will see gains upto 0.80 levels.
   
• 61.8% Fib at 0.7906 is now major support on the downside, we see weakness only on break below 0.7875 (trendline resistance turned support).
   
• Technicals are supportive of upside in the pair, Stochs RSI and MACD are biased higher.
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Recommendation: Good to buy dips around 0.7920/30, SL: 0.7875, TP: 0.7950/ 0.7990/ 0.80