Forex Flash: Based on technicals, EUR/GBP is bullish – Nomura

FXstreet.com (Barcelona) - Nomura Strategist Saeed Amen provides his views on EURGBP from a purely technical perspective.

Amen has a target of 0.8085 for the pair next week. Looking at an hourly chart, he notes that the RSI (14) has yet to dip, indicating we have not yet reached a short-term high. He continues, "(Bollinger) Bandwidth is quite low, indicating range-bound trading, hence, we could expect some move to the upper part of the range."