EURGBP UPDATE Bounces out of 0.8720 as expected on its first...

EURGBP UPDATE

Bounces out of 0.8720 as expected on its first attempt on the level in over a month. So far a high on the day at 0.8780 still repects the channel noted yesterday.

It seems we will get a bullish close on EURGBP above 0.8750 today. 0.8820/50 are key to the upside as we head into the BoE meeting minutes release. Watch for sellers to step in for a bigger move to the downside. A hold below 0.8850 confirms. Trade what you see!