- EUR/GBP bulls are stepping up to the table.
- The cross has been held up at critical support and the focus is on the upside at this juncture.
EUR/GBP is on the verge of a significant upside correction and the following illustrates were the hourly chart’s resistance needs to break first.
The daily chart has the price headed towards the 38.2% Fibonacci having met weekly support.
The hourly chart shows that the price is moving into a bullish environment and will be expected to test the trendline resistance.
A break of which and restest of what will then become a counter trendline would lead to the anticipation of a bullish impulse to the target.