EUR/GBP - Trading In Range
EUR/GBP is moving between hourly resistance at 0.7665 (21/01/2015 high) and hourly support at 0.7525 (22/01/2015 low). Expected to show further increase.
In the long-term, prices tend to reverse from the underlying declining trend. The general oversold conditions suggest a growing upside momentum. A key resistance at 0.7592 (03/02/2015) has been broken.