Price is narrowing and is struggling to resume the upside movement as it is located in the buyer’s territory. Has somehow expected to decrease on the short term to retest the median line (ML) of the major ascending pitchfork, but the buyers are very strong and have kept the rate higher.
Is trading above the 0.8950 level and is approaching the 0.8976 previous high, could reach also the 0.9000 psychological level as the Euro is strongly bullish and the Cable looks tired.
