The EUR/GBP pair has been trending up since Tuesday, the 16th of February 2016, with the price mostly ranging between the levels of 0.7695 and 0.7887.
On Thusday, the price rise from as low as 0.7802 up to 0.7864In the scenario that the buyers succeed in forcing the price to break above the level of 0.7897, the price could escalate up to 0.8004.
Conversely, in the scenario where the sellers manage to resume their bearish pressures and break below the level of 0.7814, the price could decelerate down to 0.7791 and 0.7768 in extension.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.