For the 3rd week in succession EUR/GBP posted net gains last week but the cross has yet to break .8636, the 16 week high trade. If we look to the daily chart we can see that the window (gap open) from 15th – 18th March has yet to be closed (.8650). EUR/GBP posted little net change yesterday and mild rallies find sellers. However, the intraday bias is mildly bullish with the gap close a likely target. We look to buy into dips. The call is Bullish Bias: Buy a dip at .8598 stop at .8570. The profit targets will be: .8625, .8650 and .8661. Support levels are: .8598, .8570 and .8555
