Euro is poised to gain in strength against the British Pound in the coming weeks. The technical position has changed with the pair trading above its 200 DMA after a long period of time. Bulls are getting ready to take out the resistance at 0.75 levels in the coming months. The Technical picture would turn bearish only on break of 0.72 and this level should be used as a stop loss.Upside targets to play for are 0.775/0.79 which is a return of 4-7% from current levels.
|EUR/GBP PAIR HEADING HIGHER IN COMING MONTHS?|