Possible visit of the EUR/GBP to the 0.8000 level

The Euro continued gaining ground versus the Pound during today´s trading session and closes the week to the upside. If the bullish momentum persists, then the pair may reach the 0.8000. A little bit above the 0.8000 level we can see the 200 day exponential moving average, which may contribute to make this zone a very important resistance area. Therefore, a bounce to the downside from the 0.8000 area may be expected.