Wed, 10 Sep 2014 07:52:55 GMT
EUR/GBP 1H Chart: Ascending Triangle
After touching the 0.79 level for the second time this month EUR/GBP started to form Ascending Triangle pattern, later bouncing towards the weekly R1 at 0.8040. At the moment; however, the pair is sliding towards the pattern's support around the major level at 0.80. The majority of the shorter term technical studies are bullish, thus a break-out to the upside