{video}EURGBP drew bulls‘ attention after setting a nice foothold around the 0.8700 key constraining zone, with the price accelerating to a new five-week high of 0.8790 early on Thursday. Additional gains are likely as the momentum indicators keep strengthening within the bullish area. Yet, some caution is required as the RSI and the stochastics are close to overbought levels. Besides, with the price trading around the upper boundary of a descending channel at 0.8777 and not far below the key 0.8820 resistance area, the bears might be around the corner. Otherwise, should the bulls successfully claim the latter, ... (full story)