Quotes from Societe Generale Cross Asset Research:
-EUR/GBP found support at 0.7754, 2012 lows. Weekly RSI gave break above resistance corresponding to price channel alerting early signs of upside break.
-The pair should show a recovery to weekly channel at 0.8068/85, break above will signal further up move. For the day, a break above 0.7865/75 will give way to a rebound.
The material has been provided by InstaForex Company – www.instaforex.com