EUR/GBP had a good week last week thanks to hawkish European Central Bank (ECB) speeches and shaky U.K. data releases.
As you can see, the pair has been making higher highs and higher lows since bouncing from the .8650 area of interest last week.
EUR/GBP is currently consolidating at the .8750 area, which is near today’s Pivot Point (.8740) level as well as last week’s highs.
Can the pair maintain its uptrend this week?
We’re taking a closer look at the 15-minute time frame:
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