 The pound tumbled after the BoE expressed concerns of a prolonged recession. On the daily chart, the near 3-month long consolidation might have come to an end after a bullish candle above 0.8650. The surge is likely to be caused by short-covering from traders on the wrong side. The price has hit resistance at 0.8770 ... The post EURGBP Tests Resistance appeared first on Action Forex... 