Thu, 20 Aug 2015 14:26:11 GMT
EUR/GBP 4H Chart: Channel Up
While the Euro/Sterling pair formed the same bullish channel pattern as the previous cross, its near-term outlook seems to be more positive. At first, the Euro managed to appreciate as high as 0.7130 by Thursday midday, meaning that it is now hovering above weekly PP, 55 and 200-period SMAs. Daily technical indicators assume the pair will move further to the