EUR/GBP Weekly Outlook

EUR/GBP Weekly Outlook

EUR/GBP's choppy rise from 0.8354 extended further to as high as 0.8655 last week and further rise could still be seen. But as noted before, recent price actions from 0.8333 are possibly in form of expanding triangle. Hence, we'd expect strong resistance above 0.8671 to limit upside and bring reversal.<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/m1VZ6Y3S23s" height="1" width="1"/>

Source: EUR/GBP Weekly Outlook