EURGBP Struggles to Find Direction

The Euro-British Pound (FOREX: EURGBP) failed to post new highs above its previous highs last week. This indicates that above 0.85800, the pair may begin to lose steam. As such, it has made a downward correction. Despite this movement, the pair is now stuck in limbo, yet the large daily movements may provide some opportunities for traders in the upcoming days.