EUR/GBP: Correction At Key Level And Extending Higher

The EUR/GBP pair has established a v.short-term trend higher. It has currently reached resistance at the level of an old trend-line, and is attempt to break higher. It is expected to succeed and continue the fledgling up-trend higher. A break above the March 18 highs at 0.7292 would probably indicate a continuation higher up to a potential target at the monthly pivot at 0.7360.

EUR/GBP 4-Hour Chart

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