The 4-hour chart of the EUR/GBP confirms the positive sentiment in the price movement as the currency pair is making successively higher tops and higher bottoms.
By applying Oscillators Analysis, all three indicators confirm the positive bias in the market. As the chart shows, price is well above the 200-period Moving Average. The (Moving Average Convergence/Divergence) is recording values above the zero-line which shows positive sentiment in the EUR/GBP . ( ) showing values above 50 which supports the sentiment.
In alternative scenario, key lies at 0.84893. Bears must break this level in order to regain sentiment in the market.
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