EUR/GBP Bulls Test 0.8644 Resistance on Risk-On Sentiment
The euro strengthened against the pound on Monday, with EUR/GBP approaching one-week highs near 0.8645 as risk appetite improved.
EURGBP
The euro is showing a positive bias against the British pound on Monday, with buyers pushing the EUR/GBP pair toward the 0.8644 resistance level. The move comes amid higher risk appetite in the broader market.
Bulls are now challenging the one-week highs in the 0.8645 area, attempting to break through the key level. A sustained move above 0.8644 would open the door for further gains in the near term.
Traders are watching for a potential breakout as risk-on flows support the single currency against sterling.
Source: FXStreet Forex News