Technical outlook and chart setups:
1. The EUR/GBP pair has been drifting sideways between 0.7900 and 0.7920/30 levels as seen here, for several trading sessions. The pair is expected to break above 0.7930 anytime and accelerate towards 0.7980 and 0.8045 as depicted here.
2. Support is seen at 0.7900 (range), followed by 0.7860/70 (interim) and lower while resistance is seen at 0.7980, followed by 0.8030/40 and higher respectively.
3. The structure indicates that EUR/GBP is about to turn trends for a short term at least. A break above 0.7980 levels would confirm it.
Trading recommendations:
Long now, stop below 0.7850, target is open.
Good luck!
