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After dipping to 0.8833, EUR/GBP rebounded strongly last week and closed above 0.9 level. The break of near term falling trend line resistance indicates that whole corrective fall form 0.9410 has possibly completed already after touching 0.8837 support. Initial bias will remain on the upside this week as long as 0.8946 minor support holds. Break of 0.9064 resistance will confirm this case and target a test on 0.9410 resistance next. On the downside, below 0.8946 minor support, however, will argue that another low might be seen before correction from 0.9410 concludes.
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