The euro currency is still holding a short-term bullish bias against the British pound as the pair continues to hold onto its April gains. The RSI indicator remains bullish on the daily time frame, and is not overbought, which could suggest further gains. EURGBP bulls looking for an attractive price entry may buy into any price dips towards the 0.8660 support area this week.
The EURGBP pair is only bullish while trading above the 0.8660 level, key resistance is found at the 0.8730 and 0.8800 levels.
EURGBP pair is only bearish while trading below the 0.8660 level, key support is found at the 0.8620 and 0.8590 levels.
