EURGBP is in a bullish trend and is trading near the top of its range. The pair is also forming a bullish ascending triangle pattern. The fundamental outlook for the euro is positive, with the ECB expected to raise interest rates more quickly than the BoE. Risks:
The global economy is facing some headwinds, such as the war in Ukraine. These headwinds could weigh on risk appetite and lead to a decline in EURGBP. The BoE is also expected to raise interest rates, which could put upward pressure on the pound.
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