EUR/GBP soars and threatens the 200-day SMA

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EUR/GBP soars and threatens the 200-day SMA
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The EUR/GBP cross broke out on Tuesday and rose to a monthly high of 0.8690. Indicators gained ground on the daily chart and indicate that further ups

EUR/GBP rose by more than 0.46% to monthly highs around 0.8680. The bulls gathered enough momentum and breached through the 20-day SMA. RSI and MACD indicate strong bullish momentum for the short term. ide may be on the horizon. The Relative Strength Index points north in positive territory, while the Moving Average Convergence now exhibits green bars.

That being said, this overall outlook favours a neutral to bullish technical outlook for the EUR/GBP. Support levels: 0.8660 , 0.8630, 0.8615. Resistance levels: 0.8680, 0.8700 , 0.8730. EUR/GBP Daily Chart EUR/GBP Overview Today last price 0.868 Today Daily Change 0.0036 Today Daily Change % 0.42 Today daily open 0.8644 Trends Daily SMA20 0.8655 Daily SMA50 0.861 Daily SMA100 0.8598 Daily SMA200 0.87 Levels Previous Daily High 0.8672 Previous Daily Low 0.8641 Previous Weekly High 0.

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