EUR/GBP is surging higher on Friday in the European session. However, bulls remain defensive near the 0.8720 region. Positive MACD points to further upside gains. The EUR/GBP cross extends Thursday’s gains and is accumulating solid gains in the European session. At the time of writing, EUR/GBP is trading at 0.8715, up 0.43% on the day. EUR/GBP 4-hour chart On the 4-hour chart, the cross has been hovering near the 0.8720 area, a break of the mentioned threshold will further reinforce the bullish trend for the cross. Moving higher, the first stoppage appears near February 15 highs at 0.8740, and then near the 0.8790 horizontally-placed resistance zone. The Moving Average Convergence Divergence (MACD) indicator reads above the midline, which reaffirms that the upside momentum will continue in the near future. The prices would then be all set to touch February’s high near 0.8845. On the flip side, if prices move to the downside, then it would locate the first stop near the 20-hour Simple Moving Average (SMA) placed at 0.8680. Afterward it could meet the 23.6% Fibo retracement near 0.8650. In the absence of an upside trigger, the price is bound to move toward a 0.8630 horizontally-placed support area. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CNH: Further weakness on the cards – UOB FX Street 1 year EUR/GBP is surging higher on Friday in the European session. However, bulls remain defensive near the 0.8720 region. Positive MACD points to further upside gains. The EUR/GBP cross extends Thursday's gains and is accumulating solid gains in the European session. At the time of writing, EUR/GBP is trading at 0.8715, up 0.43% on the day. EUR/GBP 4-hour chart On the 4-hour chart, the cross has been hovering near the 0.8720 area, a break of the mentioned threshold will further reinforce the bullish trend for the cross. Moving higher, the first stoppage appears near February 15 highs… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.