EUR/GBP - Ready To Set Two Year-Highs
EUR/GBP has broken the uptrend channel and is now lying around 0.8000. Hourly support lies at 0.7830 (29/03/2016 low). Stronger support can be found at 0.7525 (22/01/2016 low). The technical structure suggests that the pair should show continued increase.
In the long-term, the technical structure suggests a growing upside momentum. The pair is trading well above its 200 DMA. Strong resistance can be found at 0.8066 (10/09/2014 high).