{video}EURGBP is trading higher today after the downside surprise registered by the UK inflation report. The 0.8635 level was easily surpassed with the EURGBP bulls now preparing to test the resistance set by the 0.8657-0.8720 area. They are just halfway to recovering the losses incurred during the November 20-December 1 correction. In the meantime, the momentum indicators appear supportive of the current upleg. The Average Directional Movement Index (ADX) remains a tad above its 25-threshold, confirming the increasing bullish pressure in the market. Similarly, the RSI has finally managed to return back above its ... (full story)