Ella 
On Tuesday, the EUR/GBP cross broke out to a monthly high of 0.8690. Technical indicators on the daily chart are firmer, suggesting that further upside is likely.
The Relative Strength Index is heading north and the MACD indicator has left the green column. The 4-hour chart shows that the Relative Strength Index rose near the overbought level and quickly encountered resistance, while the MACD histogram shows rising bullish bars, indicating strong short-term buying momentum. Returning to the daily chart, the EUR/GBP is trading above its 20 and 100 day simple moving averages, but remains below the 200 day SMA at 0.8700, which is the next target for the bulls. However, the overall technical outlook for the EUR/GBP is neutral to bullish.
Support levels: 0.8660 (20-day moving average), 0.8630, 0.8615.
Resistance levels: 0.8680, 0.8700 (200-day moving average), 0.8730.
