EUR/GBP set to rally?

12 May, 2017

EUR/GBP set to rally?

EUR/GBP is holding around the 23.6% retracement of the March-April sell-off. If we can break away from here, look for a move towards the 38.2% Fibonacci retracement around 0.8500.

In the short term, USD/CAD could find itself under some pressure with a return to recent support around the 1.3640-1.3650 channel likely, before resuming the up trend.

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