A retest for the daily upper trend is expected before the price continue its journey to the Fib 50.
A heavy loss recorded for the EUR last week leading to the test of very tough demand zone fortified by July-2014 up trend. A fake break out might occur so be cautious.
After 2 weeks of continues strong long push, the price is about to reach its first tough double trend zones.
The Pound closed under the daily trend for both Daily and Weekly candles. A retest to the trend at the price 0.87 is very expected before touching the Fib 50 zone.
A correction is expected before hitting the 38.2 Fib zone.