The common European currency has been trading in a large-scale triangle against the British Pound.
Following a breakout from the upper trend-line, this suggests that the bullish sentiment could continue dominating the exchange rate. However, it is important to note that the currency pair is likely to find a resistance at the weekly pivot point at 0.8949.
If the EUR/GBP pair manages to breach the aforementioned resistance level, the rate could be heading for a long-term surge. In addition, technical indicators favour bulls to grow stronger.
