The euro currency is attempting to rally against the British pound after finding strong technical support from just above the 0.8580 level. A bearish breakout from an ascending triangle pattern has recently taken place, although the pattern has not reached its full downside potential. It is possible that bears may sell any rallies back towards the bottom of the ascending triangle pattern, around the 0.8640 level.
The EURGBP pair is only bullish while trading above the 0.8640 level, key resistance is found at the 0.8660 and 0.8700 levels.
EURGBP pair is only bearish while trading below the 0.8640 level, key support is found at the 0.8580 and 0.8540 levels.
