The EURGBP is trying to break the descending channel resistance.

The EURGBP is trying to break the descending channel that has been formed since the summer of 2018. A move above the .8600 level could allow for a rally towards the 38% retracement at the .8676. However, the failure to break the .8600 level could lead to a false breakout for the bulls. RSI is pointed higher which price tends to follow.

Steve Voulgaridis