After a year-long downtrend, EURGBP finally found a floor in July, says Mark Sturdy at www.sevendaysahead.com.
A clear break higher now would complete the bottoming process. What needs to happen is a break above 81.64p, whereupon the targets would become 82.61p and 84.18p. The positive outlook would only sour at this stage were the 79.58p November low to give way.
