EUR/GBP has been locked inside a rectangle 5a years and the rejection form the support near 0.8305 indicates renewed upside progress now is in motion and a rally to at least the resistance seen at 0.9270 and possibly even closer to our long-term target at 1.0592. That said, the possibility of EUR/GBP stalling at 0.9270 for yet another dip to support near 0.8305 is there, so we need to be careful once we get close to the long-term resistance at 0.9270, but for now that' our target and where our focus should be at.
Support is currently seen at 0.8296, which needs to protect the downside or the rise will shift from up to down.
