The euro currency has moved to a six-week trading high against the British pound, as the ongoing upside recovery in the pair gathers pace. The EURGBP has moved back above a former key swing-low, around the 0.8668, marking a potential technical shift in the pair. Bullish MACD price divergence on the lower time frames is warning of a potential recovery back towards the 0.8900 area.
The EURGBP pair is only bullish while trading above the 0.8680 level, key resistance is found at the 0.8780 and 0.8900 levels.
EURGBP pair is only bearish while trading below the 0.8680 level, key support is found at the 0.8590 and 0.8500 levels.
