EURGBP moves above the 200 day MA

Pushing EURUSD to new day highs too

The EURGBP - which tested the 200 day MA earlier and held - is breaking above at the 0.7326 level. The high for the week comes in at 0.7356. That is the next target.

Needless to say the break is having an impact on the EURUSD as well as it now trades at the 1.1310 - new highs for the trading day (next target at 1.1319 and 1.1331 for the EURUSD).