EUR/GBP trading at around €0.8889 with the potential for further upside. Support is sitting at €0.8869 with key resistance above at €0.8909.

The euro is currently trading at around €0.8889 against the pound, Looking at the 4-hourly interval, we can see the built-up of bullish momentum in the last 24 hours after 7 days in the red. Support sits tightly below at €0.8879 and then at €0.8869, which at the moment corresponds with the 50-day moving average. A break below the 50 MA would see a test of support sat on the 100-day MA, or €0.8856. Towards the upside, minor resistance sits at €0.8896 then at €0.8902 and the key point is located at €0.8909 Which was set earlier in the day. A break above the key level may see the price of the euro edge higher towards €0.8930-€0.8940. Over to the technical indicators, MACD is firmly positive and so is RSI as it reads 60.