The Euro managed to incline against the Pound to acquire the target at 0.8000 and now the way seems to be open till the 0.8040s level at least, the momentum indicators however are pointing that the pair is being traded within an overbought area and is in need for a correction, the point at 0.7975 should offers strong demand but if that level was breached the 0.7930s should be able to stop the downside wave.