EURGBP

• Despite the strong bullish momentum, the currency pair is testing a key resistance zone around 0.8590/0.8600, which has already acted as a strong supply zone in the past.

• Momentum looks bullish, but with trend strength weak and long-term resistance looming, a false move could trap impatient traders on either side.

Fundamental Context

The euro remains the best-performing currency of this week, having strengthened against the British pound in the last 4 trading sessions.