Prior chart:
Recent analysis was able to milk 100 pips out of this pair and Sterling is fading as well following a test of 1.3950 vs the Greenback, though should derive more independent impetus from UK retail sales and flash PMIs on Friday if not public finances and the upcoming CBI surveys.
If we can hold above 0.8600 here on EUR/GBP we may now look for elastic moves back into new highs.
Recent analysis was able to milk 100 pips out of this pair and Sterling is fading as well following a test of 1.3950 vs the Greenback, though should derive more independent impetus from UK retail sales and flash PMIs on Friday if not public finances and the upcoming CBI surveys.
If we can hold above 0.8600 here on EUR/GBP we may now look for elastic moves back into new highs.