By FXEmpire.com
The EUR/GBP pair had a strong session on Friday in order to slam into the 0.81 level by the end of the session. The pair closed at the top of the daily range, signaling that the momentum is with the bulls at the moment. However, the trend is down, so a headline in Europe could send this pair right back down.
The breaking of the 0.81 level on a daily close should see this pair aim for the 0.83 level, as it is the next major resistance area. The failure to break above the level should have this pair returning to the consolidation that is has seen over the last month or so.
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Originally posted here
