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   “¢   The cross continued with its struggle to make it through a downward sloping trend-line resistance, extending from Oct. monthly tops through highs set on Nov. 19-21.

   “¢   The mentioned barrier nears 61.8% Fibonacci retracement level of the 0.9099-0.8656 – late-Aug. to mid-Nov. downfall and might continue capping additional gains.  

   “¢   Meanwhile, technical indicators on short/medium-term charts have managed to hold in bullish territory and support prospects for an eventual  bullish breakout.

   “¢   However, it would be prudent to wait for a convincing breakthrough the mentioned barrier before traders start positioning for any further near-term up-move.
 

EUR/GBP 4-hourly chart

EUR/GBP

Overview:
       Today Last Price:  0.8911
       Today Daily change:  0.0  pips
       Today Daily change %:  0.00%
       Today Daily Open:  0.8911
Trends:
       Previous Daily SMA20:  0.8811
       Previous Daily SMA50:  0.8832
       Previous Daily SMA100:  0.8885
       Previous Daily SMA200:  0.8836
Levels:
       Previous Daily High:  0.8922
       Previous Daily Low:  0.884
       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%:  0.8891
       Previous Daily Fibonacci 61.8%:  0.8871
       Previous Daily Pivot Point S1:  0.886
       Previous Daily Pivot Point S2:  0.8809
       Previous Daily Pivot Point S3:  0.8778
       Previous Daily Pivot Point R1:  0.8942
       Previous Daily Pivot Point R2:  0.8973
       Previous Daily Pivot Point R3:  0.9024