DeGRAM | EURGBP is testing the upper boundary of the channel

📊 Technical Analysis
● EURGBP confirmed a breakout from both the wedge and prior descending trendline, now holding above 0.8720 and grinding along the rising intraday channel.
● Bullish continuation is supported by a double retest of the wedge top, with 0.8751 as the next upside target in line with the channel resistance.

💡 Fundamental Analysis
● GBP weakened after dovish BoE statement warning of economic stagnation, while the Euro gained from improved German factory orders and hawkish ECB commentary.

✨ Summary
Buy above 0.8720; breakout continuation eyes 0.8751. Bull bias void on a 1 h close below 0.8710.

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