EURGBP is back under pressure from the mighty quid
EURGBP has been playing ball with the longer term tech and particularly the 200 mma up above
EURGBP monthly chart
Looking bit closer we have moving averages from two time frames around the same levels. On the H4 chart we have the 200 & 100 ma's at 0.7237 % 0.7229 and on the daily we have the 100 & 55 ma's at 0.7241 & 0.7224
EURGBP Daily chart
The latest headlines from Greece are certainly doing some damage but with inflation ticking up in the UK it's a small bullish signal for a pound that needs no excuses right now to go up
0.7110/15 is the level to watch under here before we test the May and March lows and the 2006 support line. Much like my reasoning on EURUSD earlier, this pair is also one that could be looking to break it's range
