The Euro was finally able to breach the 0.7931 against the Pound and the pair's way is now open up to the 0.80 levels, yet the momentum indicators are showing that the pair is being traded within an overbought area over the short term and that might indicate an upcoming correction, should the 0.7931 remains intact the pair would continue its bullish wave to acquire the first target at 0.8004, while breaching the 0.7931 could lead the pair back to the 0.7890 levels which offers strong demand.