EUR/GBP tо push higher - CityFX
Daily close above 0.8000 confirmed an inverted head-and-shoulders pattern with a target of 0.8110, CityFX analysts say. Further potential targets lie at 0.8158-0.8168 (converging channel top and early 2014 lows). Above there is a 200-day MA at 0.8199.
Analysts also point to the morning star pattern formed on the weekly chart.
Chart. Daily EUR/GBP