Sterling is eager to go higher

Pound

EURUSD

EURUSD pair yesterday was slowly moving higher though its dynamics was weaker that on such risk sensitive pairs as GBPUSD. Although today the common currency, probably, decided to accelerate adding around 40 points during last 1.5 hours and reaching 1.13 level. In a downtrend channel there is still enough place for a growth and without news from Europe the bulls can increase easily their attack pushing Euro higher the round mark. Continue reading