The price is rebounding with an impressive strength. Last Friday we saw how the sterling wasn't able to handle the strong confluence zone around 0.8742 and 0.8732 pounds per euro.The reason why we saw this move possibly lies in the jump of stop loss orders betting on the sterling.

Right now, the price found the resistance at 0.8794. It seems that the euro will rest, before trying to break the resistance. The RSI are marking overbought. /