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EUR/GBP - Bullish breakout at 0.8169 - MIG Bank
EUR/GBP has broken the key resistance area between 0.8148 (05/12/2012 high) and 0.8169. The next resistance is at 0.8277 (10/04/2012 high). Hourly supports can be found at 0.8165 (25/12/2012 low) and 0.8113 (17/12/2012 low). A medium-term bullish head and shoulders has been validated with the break of the strong resistance at 0.8169 (11/06/2012 high). A medium-term rise towards the strong resistance at 0.8506 (24/02/2012 high) is likely.