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   “¢   After Friday’s sharp intraday pull-back, the cross regained positive traction on the first trading day of the week and is now looking to extend the momentum beyond 200-hour SMA.

   “¢   The fact that the cross managed to find acceptance above 100-hour SMA and 50% Fibo. level of the 0.8655-0.8471 slide turned out to be a key trigger for intraday bullish traders.  

   “¢   Bullish oscillators on the 1-hourly chart remained supportive of the up-move but are gradually moving into slightly overbought territory and might keep a lid on further gains.

   “¢   Moreover, technical indicators on the daily chart are yet to catch up with the positive momentum and further warrant caution before placing any aggressive near-term bullish bets.

   “¢   Hence, it would be prudent to wait for a sustained strength beyond 61.8% Fibo. level for a follow-through move beyond the 0.8600 handle towards testing the 0.8630-35 supply zone.  

EUR/GBP 1-hourly chart


       Today Last Price:  0.8568
       Today Daily change %:  0.54%
       Today Daily Open:  0.8522
       Daily SMA20:  0.861
       Daily SMA50:  0.8728
       Daily SMA100:  0.8816
       Daily SMA200:  0.885
       Previous Daily High:  0.8576
       Previous Daily Low:  0.8509
       Previous Weekly High:  0.8678
       Previous Weekly Low:  0.847
       Previous Monthly High:  0.8842
       Previous Monthly Low:  0.8529
       Daily Fibonacci 38.2%:  0.8535
       Daily Fibonacci 61.8%:  0.855
       Daily Pivot Point S1:  0.8496
       Daily Pivot Point S2:  0.8469
       Daily Pivot Point S3:  0.8429
       Daily Pivot Point R1:  0.8563
       Daily Pivot Point R2:  0.8603
       Daily Pivot Point R3:  0.863