The EURGBP posted a long white candle and the daily candle suggests more upside. Intraday Update: The EURGBP just hit the 38% retracement and near the 161% extension. As long as .8972 holds, this could be a good reversal level for the pair to move back to .8900.
End of Week Analysis: The EURGBP has rallied back to a confluence of fib levels. The 38% retrace, the 161% extension and is testing the underside of the trend line. As long as we stay below .9000 on a closing bases, we probably will move lower.
Brexit priced into GBP but not the Euro? UK referendum & elections brought weakness to the Pound, however, its ~15% depreciation should put the brakes on easing and some stimulus may be removed as inflation & general economic data improve.