Ranging since July last year ..........

So we are waiting here as the Eurozone PMI's are out @ 0.830-0.930 along with GBP Manufacturing PMI ( today ) and Construction PMI tomorrow Wednesday ....
Could push higher as we have taken a bounce off 0.5 fib line the charts look good for a few pips ..

lets wait and see to build a case .....

Comment:

Okay a big day for this pair Eurozone PMI'S due this morning , along with GBP services PMI, which would be the final piece of the puzzle for the GBP as the last 2 days has seen positive prints ,

keeping an eye on this however if Im honest there are better pairs to concentrate on right now

Back soon ..........

Comment:

Right so based on some good to neutral data out on the Euro zone over the last week, along with the ECB ready to start adjusting there outlook, this has caused the EUR bears to hibernate for a bit.
This also had the added push yesterday of the GBP being dampened due to hard brexit talks again , just encase you were wondering for a minute ( "what Good figs released but it spiked then fell off the cliff for a bit ")
this article should help:

news.forexlive.com/!...-data-spike-20170516

Anyway as we said this is a slow mover, but never the less, we have seen this jump, as stated previously to enjoy some gains, more to come in fact if Euro zone data due out today prints good numbers so watch this space ......
If it pops the only thing in its way is the next fib 0.786 @ 0.8700 level , it will meet some resistance @ 0.8640 which is where our line is but this is your slow and steady trade if your looking for it .....

Stay tuned ......