The market has conflicting signals. EUR/GBP remains capped by the 13 day moving average that has held the topside for almost 2 months but yesterday's downside stalled, and reversed at the same levels as last week.
This price action does not provide clear signals for sentiment but it is the strong bounce from the low that leaves immediate 3cA studies mildly, although probably temporarily, positive. There is potential to reach the 0.8096/0.8105 area. Close above that latter point will see a more significant rally in terms of price and time.
