EURGBP finding resistance at the 0.8029 level

The EURGBP is trying to strengthen the bullish trend in the H1 Chart above the 200-day moving average.

EURGBP is finding strong resistance at the level of 0.8029. But it is likely that this pair make a retracement to the support level of 0.8002, due to that the EURGBP is currently forming a bullish pattern. If this pair manages to make a breakout in the 0.8029 level, one would expect to that rise to the level of 0.8065, which would open the way for the EURGBP continue with the bullish trend for several more days.

This MACD indicator into negative territory, for what is likely to make this pair a corrective movements in the next hours.

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