• EUR/GBP bulls lurking near a 61.8% ratio.
• Bulls eye a break of resistance with 0.8925 prior highs in focus.

EUR/GBP has been pressured on the backside of trendline resistance but supported by the next layer of trendline support and the horizontal support in the 0.8720s.

EUR/GBP daily charts

Nevertheless, as the following illustrates, we have a W-formation that would be expected to pull in the price to the neckline as follows:

However, so long as the bulls commit to trendline support, near a 61.8% ratio, then there will be prospects of a breakout of trendline resistance with eyes on 0.8925 prior highs.