• EUR/GBP continues to improve. Monitor the resistances at 0.8590 (22/04/2013 high) and 0.8637 (17/04/2013 high). Supports can be found at 0.8519 (intraday low) and 0.8470 (20/05/2013 high). • From a longer-term perspective, the recent inability to make any significant new lows below the support at 0.8411 and the break of the shortterm declining trendline favour a base formation. Indeed, a double-bottom formation could be underway with support at 0.8411 and resistance at 0.8602/0.8637. (full story)