The euro currency remains vulnerable to more losses against the British pound, as the pair continues to be sold on any price rallies. The EURGBP pair could be headed under the 0.8500 level as a large head and shoulders pattern still remains in play. Selling any price rallies back towards neckline resistance, around the 0.8580 level, still appears to be the top trading strategy this week.
The EURGBP pair is only bullish while trading above the 0.8580 level, key resistance is found at the 0.8600 and 0.8630 levels.
EURGBP pair is only bearish while trading below the 0.8580 level, key support is found at the 0.8540 and 0.8490 levels.
