The EUR/GBP keeps its bullish momentum

The Pound continues weakening versus the Euro and that is why we see that the EUR/GBP pair keeps its bullish trend, due to the fact that the Pound is the quoting currency. On the daily chart of the EUR/GBP we can see that the pair has broken above the 0.8700, and even though it is too early to tell, the pair may try to go and visit the 0.8800 level, where it may try to stall. But above the 0.8800 level we can also see that the pair has the road clear all the way to the 0.9000 zone. To the downside, below the 0.8700 level, the 0.8600 may act as support along with the 55 day EMA, which is currently around the 0.8555 level.