Risk-off in Asia post below estimates Chinese data has been supportive of the single currency, pushing the cross to flirt with fresh multi-week tops in the vicinity of 0.7949.
'Brexit' worries might continue capping any sharp upside for the Pound, thus limiting near-term downside for EUR/GBP .
The pair is on track to test major resistance at 0.7949, break above will see gains upto 0.80 levels.
61.8% Fib at 0.7906 is now major support on the downside, we see resumption of weakness only on break below 0.7875 ( resistance turned support).
Technicals are supportive of upside in the pair, Stochs and are biased higher, are widening.
Good to buy dips around 0.7930 levels, SL: 0.7875, TP: 0.7990/ 0.80/ 0.8025