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EUR/GBP - Reaching One-Year High

EUR/GBP keeps on rising. The technical structure suggests that there are strong buying interests. Hourly resistance lies at 0.7694 (15/01/2015 high) has been broken and hourly support is given at 0.7350 (25/12/2015 low). Expected to show further upside move.

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.

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