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EUR/GBP is taking bids around 0.8610 before European sessions on Tuesday.

The pair recently crossed immediate trend-line resistance that joined highs marked since February 14.

As a result, the region comprising January lows and present month high around 0.8617-27 gains buyers’ attention.

Should prices rally beyond 0.8627, 23.6% Fibonacci retracement of January – February dip, at 0.8665, followed by 0.8725 and another downward sloping trend-line at 0.8735, could please the Bulls.

If the pair fails to hold its post breakout strength, 0.8560 and 0.8530 are likely nearby numbers to appear on the chart.

Additionally, pair’s decline beneath 0.8530 might not refrain from visiting the 61.8% Fibonacci expansion of its recent moves around 0.8500 mark.

EUR/GBP 4-Hour chart

EUR/GBP

Overview:
       Today Last Price:  0.861
       Today Daily change:  0.0002  pips
       Today Daily change %:  0.02%
       Today Daily Open:  0.8608
Trends:
       Daily SMA20:  0.8706
       Daily SMA50:  0.8806
       Daily SMA100:  0.884
       Daily SMA200:  0.8859
Levels:
       Previous Daily High:  0.861
       Previous Daily Low:  0.8558
       Previous Weekly High:  0.8702
       Previous Weekly Low:  0.8529
       Previous Monthly High:  0.8842
       Previous Monthly Low:  0.8529
       Daily Fibonacci 38.2%:  0.859
       Daily Fibonacci 61.8%:  0.8578
       Daily Pivot Point S1:  0.8574
       Daily Pivot Point S2:  0.8539
       Daily Pivot Point S3:  0.8521
       Daily Pivot Point R1:  0.8627
       Daily Pivot Point R2:  0.8645
       Daily Pivot Point R3:  0.8679