EUR/GBP Technical Analysis: Buyers aim for 0.8617/27 region after clearing immediate resistance-line

• EUR/GBP is taking bids around 0.8610 before European sessions on Tuesday.
• The pair recently crossed immediate trend-line resistance that joined highs marked since February 14.
• As a result, the region comprising January lows and present month high around 0.8617-27 gains buyers’ attention.
• Should prices rally beyond 0.8627, 23.6% Fibonacci retracement of January – February dip, at 0.8665, followed by 0.8725 and another downward sloping trend-line at 0.8735, could please the Bulls.
• If the pair fails to hold its post breakout strength, 0.8560 and 0.8530 are likely nearby numbers to appear on the chart.
• Additionally, pair’s decline beneath 0.8530 might not refrain from visiting the 61.8% Fibonacci expansion of its recent moves around 0.8500 mark.

EUR/GBP 4-Hour chart