The pair rallied strongly on Tuesday in the middle of the European session, breaking the 1.3200 level the highest since mid-October.
A sustained move above 1.3100 lured the intraday bulls behind the stove causing a rise of 140 pips, overcoming the 1.3200. From a technical point of view, the pair on the 1-hour chart is slightly overbought before UK PM Theresa May speaks to the House today.
Positive headlines might be enough to push the pair above 1.3250 / 60 towards 1.3300.
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