EUR/GBP trading at channel resistance
EUR/GBP has managed to maintain its channel well this week, with the recent rally bringing us back into the upper echelons of the channel. This points towards a potential retracement before long.
However, we have not seen any signs of such a move yet and it is therefore very possible that we could see the price break from this formation. Any pullback from here would simply look like a retracement before we push higher once more, with a break below £0.8797 required to negate the current uptrend.