Quotes from Societe Generale Cross Asset Research:
-EUR/GBP found support at 0.7750, 2012 lows. Weekly RSI broke above resistance corresponding to price channel alerting early signs of upside break.
-The pair should inch higher towards 0.8050/68, break above will signal further upmove towards 0.8160 and 0.8270/90. For the day, 0.7800 is immediate support.
The material has been provided by InstaForex Company – www.instaforex.com