EUR/GBP: Old Trend Line Resistance

 | Nov 22, 2012 07:58AM ET

The EUR/GBP pair is pushing up against the underside of an old trend line on daily chart and would be expected to pull-back from this resistance to perhaps 0.8025, however, bulls are currently winning the battle and there is a possibility of an upside break to resistance at 81.05 and then perhaps the monthly pivot at 81.50.