The EUR/GBP currency pair surged in Tuesday’s session, successfully breaking above a key resistance level at 0.8530. This decisive move marks a shift toward bullish dominance, with the pair extending its gains to reach a high of 0.8558.
The bullish sentiment is supported by favorable momentum from key technical indicators, suggesting the potential for further upward movement. Market analysts expect the rally to continue, with initial targets set at the 0.8600 level. A sustained push could see the pair testing the next significant resistance at 0.8630, establishing a clear bullish trajectory in the short term.
Today’s Expected Trading Range: 0.8530 – 0.8600
Trend Outlook: Bullish
Traders are advised to monitor price action near the resistance levels, as a successful breach above 0.8600 could reinforce the upward trend and invite additional buying interest.
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