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EUR/GBP had a very neutral session on Monday as the markets simply sat still. One of the reasons this pair would have been a little less volatile than the others would have been the fact that England had a banking holiday for the session. As this pair is typically treated with the most liquidity during the London session, it does make sense that this pair simply didn't do much.
Recently, we have seen a higher low, and this does suggest that perhaps momentum is trying to build up for the buyers. However, we are still well below a downtrend line and the 0.80 resistance level. Because of this, we still favor the downside in this market and as such are more than willing to sell on a break below the 79 handle on the daily close.