EURGBP has been acting exactly as technical analyzers expected. Those double top patterns did their job completely. Despite that obvious bearish move, RSI tried to keep itself dizzy and for those buyers who waited a long time maybe it is time to gain their apple and a retrace will give them at least some adequate pips.
The latest headlines from Greece are certainly doing some damage but with inflation ticking up In the UK, it’s a small bullish signal for a pound that needs no excuses to go up right now.