EUR/GBP edging higher following the support test from June. Currently, GBP is trading at around £0.8437 against the Euro, with support around £0.8398. This has led to the uprise over the recent days. The pair has now come across some resistance around £0.8446, there is further resistance around £0.8459 that traders would want to see challenged before possibly more upside. Until then, the primary focus will be on the support area highlighted below. The support area ranges between £0.8381-£0.8396. A break below this area would increase the likelihood of a sell-off into the area of £0.8300-£0.8340. From a momentum based perspective, the MACD seems like it's on the verge of turning bullish and the RSI has now crept higher, however, the RSI is still in bearish territory. Therefore, caution should remain with upcoming economic data in the UK this week and the ECB interest rate decision on Thursday. These events may create higher price volatility.