The pound struggles across the board after Britain’s economy showed a slower than expected growth in February.
The euro has previously come under selling pressure near the daily supply area (0.8730). The RSI has since retreated into the neutrality zone.
Despite profit-taking, the pair has stayed afloat above 0.8620 which would suggest that buyers are still in control of the price action.
A surge above the said resistance could trigger a runaway rally as a combination of short-covering and fresh buying.
