EURGBP Chart Technical Outlook bears return close to 0.8661 the cross looks to be forming a bullish Butterfly pattern. This formation will complete at 0.8447.
We have a resistance zone located at 0.8648-0.8661. If this upside barrier can hold, we are assessed as being within the CD leg lower.
There is a lack of economic data releases until Friday’s UK gross domestic product data. With this in mind, we could see a sustained period of consolidation.
