EUR/GBP: Rises to New Multi-Month High, But May Take a Breather Before Resuming

<p><img width="509" height="339" src="https://www.actionforex.com/wp-content/uploads/2018/06/f-eur-gbp6.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" /></p>
<p>EURGBP extends steep upleg from 0.8616 trough into sixth straight day and hit the highest in more than five months on Friday. Larger uptrend from 0.8492 (2023 low, posted on Aug 23) remains fully in play for the second consecutive month and received fresh support from much weaker than expected UK retail sales in September. [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/523887-eur-gbp-rises-to-new-multi-month-high-but-may-take-a-breather-before-resuming/">EUR/GBP: Rises to New Multi-Month High, But May Take a Breather Before Resuming</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>