The pound edging higher against the euro with tough resistance ahead.

Looking at the pound against the euro on a 4-hourly timeframe. From a technical overview, the pound is currently sitting at £1.1600 versus the euro. Towards the upside, a major resistance level sits at £1.1615 (upper orange trendline of the ascending triangle). A break above the tough resistance could see the pound move higher towards the £1.17-£1.18 price range. If the resistance is too strong, towards the downside the first support level sits at £1.1511 followed by a major support level at £1.1474. A break below the major support level could see the pound retreat towards the £1.13-£1.14 price range, corresponding with the lower trendline of the triangle. RSI reads 65 suggesting bullish, but MACD is neutral.