EURGBP is currently stuck on a key daily horizontal support.
The price is consolidating within a horizontal range on a 4H time frame. With a release of US PMI, we see a positive bullish reaction and a test of the resistance of the range.
Its bullish breakout and a 4H candle close above will provide a strong bullish signal. A confirmed violation will open a potential for a further bullish continuation.
Next goal will be - 0.845
Alternatively, a bearish breakout of the support of the range may trigger a bearish movement lower.
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