EUR/GBP Is Climbing Again

The market tends to be very calm during the holidays and this year is not an exception, but despite that the EUR/GBP move to the upside slowly continues. The pair is climbing towards the previous high at 0.7415 and will probably test that resistance very soon. If it bounces off that level we will have an established double top that could potentially indicate another, bigger move to the downside, but a breakout above the resistance will confirm the continuation of the bullish trend and the pair will likely continue towards the next resistance at 0.7440.