The euro currency is attempting to recover against the British pound as the pair continues to gain strength above the 0.8600 support area. The EURGBP pair appears to be testing back towards the bottom of an ascending triangle pattern, around the 0.8650 level, following a recent bearish. A major sell-off in the EURGBP pair could take place if bulls fail to move the price back above trendline resistance, at 0.8650.
The EURGBP pair is only bullish while trading above the 0.8650 level, key resistance is found at the 0.8680 and 0.8700 levels.
EURGBP pair is only bearish while trading below the 0.8650 level, key support is found at the 0.8580 and 0.8540 levels.
