EURGBP: Wait for a catalyst
EURGBP was quiet last week within the recent ranges with no significant technical developments. The euro cross manages to keep last week’s gains and is now trading at the key resistance zone 0.8935-0.8960. Looking ahead the euro calendar is quiet besides the UK Q2 GDP is the catalyst for the cross this week. A daily close above 0.8970 could rally further to 0.9030 and 0.9050 its 61.8% fib reaction. Supports are at 0.8880 and 0.8840 its weekly pivotal.
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