The euro-pound pair rose during trading on Thursday at the beginning of the year, in light of the scarcity of economic data from the eurozone and the British economy.
On the technical side:
(the Royal) euro pound pair is trading inside a falling wedge on the daily frame, we expect the pair to break it up to complete the harmonic Nen stat pattern, which targets the levels of 0.8510 / 25 near the levels of the main downtrend on the daily frame.
It is preferable to wait for the wedge breakout and the resistance level of 0.8330 to go up to enter a buy on the pair.
The bullish scenario fails if the wedge is broken down again and the price trades inside it.
