EURGBP is currently trading near the support of the upward sloping trend line indicating support at lower levels; the pair has ended in a small bullish candlestick formation on 24th May supporting the above observation and indicating further upside potential for the currency pair. It is likely that EURGBP could rise towards 0.8670 and 0.8700 while it sustains above 0.8575.
Technical Analysis Team
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