Consolidation on the EUR/GBP

The daily chart of the EUR/GBP is showing us that the pair has been consolidating lately, just below the 0.7756 level. The real bodies of the candles are showing us that the pair has been very undecided with low volatility according to the size of the candles. However, a visit to the 55 day exponential moving average, around the 0.7658 level, could cause that moving average to become support and a bounce to the upside could be seen. We should be aware of a possible visit to the 0.7900 level, because the price could bounce to the downside from there.