EURGBP is once again starting to look interesting following months of choppy, hard-to-trade price action. The market has rallied firmly off the June lows and is now testing major resistance at the .8719 level. This has been a key resistance level in the pair since early 2021 and a break here would be firmly bullish. Zooming out onto the weekly chart (easier to view given how choppy recent price action has been on the daily), we can see that price is carving out a large inverted head and shoulders pattern. With the retail market heavily short (roughly 85%), there is plenty of room for a breakout higher here. GBP is ... (full story)