The Trend of the Day -EUR/GBP

EUR/GBP has recently broken its 200 SMA at .8688 which is a bullish sign for the pair. However, price was rejected from a daily down trend line. Look for further strengthening of the Pound versus the Euro that may take this pair back down to retest the 200 SMA at 8688 and possibly to the June 3 low of .8574. Stops above the June 5th 4-hour high could be placed at around the .8873 area.