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   “¢   Having formed a firm base near 100-hour SMA, the cross caught some aggressive bids and rallied back above the 0.8900 handle.

   “¢   A decisive breakthrough 200-hour SMA was seen as a key trigger for bullish traders and behind the pair’s latest leg of a sudden upsurge.

   “¢   Momentum oscillators on 4-hourly/daily charts maintained their bullish bias but RSI on the 1-hourly chart has already moved into overbought zone.  

   “¢   Hence, bulls might find it difficult to make it beyond a downward sloping trend-line resistance, extending through Oct./Nov. monthly swing highs.
 

EUR/GBP 1-hourly chart

EUR/GBP

Overview:
       Today Last Price:  0.8906
       Today Daily change:  42  pips
       Today Daily change %:  0.474%
       Today Daily Open:  0.8864
Trends:
       Previous Daily SMA20:  0.8804
       Previous Daily SMA50:  0.8831
       Previous Daily SMA100:  0.8884
       Previous Daily SMA200:  0.8836
Levels:
       Previous Daily High:  0.8878
       Previous Daily Low:  0.881
       Previous Weekly High:  0.8934
       Previous Weekly Low:  0.8839
       Previous Monthly High:  0.8942
       Previous Monthly Low:  0.8722
       Previous Daily Fibonacci 38.2%:  0.8836
       Previous Daily Fibonacci 61.8%:  0.8852
       Previous Daily Pivot Point S1:  0.8824
       Previous Daily Pivot Point S2:  0.8783
       Previous Daily Pivot Point S3:  0.8756
       Previous Daily Pivot Point R1:  0.8891
       Previous Daily Pivot Point R2:  0.8918
       Previous Daily Pivot Point R3:  0.8959