The last time I wrote about the EUR/GBP, it had sliced through the 0.83 support level, and looked ready to extend downward. Well, after putting in a V-shaped bottom, the pair has gone the opposite way, with the EUR managing to not only get back above 0.8315 (an important pivot), but since then has broked a downward sloping resistance trendline, and pushed through a key horizontal level at 0.8390. $EURGBP, Eur/Gbp / 240 The pair had been as high as 0.8575 in late October, and it will be interesting now to see how it reacts once it reaches its mid-Nov. high near 0.8460. The Euro has generally been a on a mission over the last few weeks and we pointed out how the EUR performs in December historically, so let's see if this move against the GBP can continue.