Euro / Libra Esterlina
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EIURGBP to continue the rally?

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We saw EURGBP rally all the way from 0.8860 to 0.9270.

Will it continue the rally? For now, we saw price retrace all the way down to 50% before starting to push higher and break above the mini S/R area it formed at 0.9120. As price currently sits above that level and under a descending trendline, we are awaiting a break of that trendline followed up by a Corrective Pattern before entering a long position on this.

As we also support GBP weakness, and are short on most GBPXXX, that confluences nicely on EURGBP as well.

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