So having a look at EURGBP we can see we have seen price go up for quite a while now. We have currenctly seen that EURGBP has been consolidating around the current level. We may see a push to the up side before a strong bearish reaction for a fall in EURGBP or we could possibly see the price decides to drop from this area. Expecting to retrace to 0.786 level...
We have looked at the daily chart and can see this as a strong area for support where the current price is. If we get a strong break and retest to the downside we could see a continuation on the bearish action, however I am currently bullish on this pair and expecting price to rise for now.
We will come back to look at this chart and we will keep you updated!
