EUR/GBP moves higher to again challenge 0.8246 level

EUR/GBP moved higher to challenge once again the resistance barrier of 0.8246 (R1). A clear violation of that bar may pave the way towards the next resistance hurdle at 0.8285 (R2). The MACD remains above both its trigger and zero lines, while the RSI is moving higher, indicating positive momentum. My concern is that the rate will have to deal with the 200-period moving average on its way towards the 0.8285 (R2) resistance, if the break occurs.

•Support: 0.8200 (S1), 0.8155 (S2), 0.8085 (S3). •Resistance: 0.8246 (R1), 0.8285 (R2), 0.8310 (R3)

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