Topside trend line is a target to get above and stay above

The EURGBP is trading higher in an up and down and up again day.

Topside trend line is a target to get above and stay above

Technically, the low for the day did move below some swing lows from last week (October 24), yesterday and an earlier low today. However, that break did not last long and the price has moved higher over the last 3 hours.

The run higher has taken the price to and through the 100 and 200 hour MAs (to new session highs). However, the topside trend line at 0.8639 (and moving lower) remains a level to get to and through if the buyers are to take more control.

Look for the 100 and 200 hour MA to provide support. If it does, a break above that topside trend should keep the buyers in control and lead to more upside.