EUR/GBP: Sizing Up a Swing Long Amidst Sideways Action

Current Market Scan & Technical Read

The EUR/GBP pair is currently trading at 0.85871, showing a modest 0.08% gain over the last 24 hours. We've seen a fairly tight day range between 0.85764 and 0.85978, indicating a prevailing sideways trend. However, my technical analysis suggests we might be setting up for a push higher on the swing timeframe. While the immediate resistance at 0.8598 has been a tough nut to crack, price action has been holding above the minor support