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EUR/GBP Technical: Recent downside momentum subsided
The 4-hour RSI oscillator has traced out a bullish divergence condition at its oversold region. A break above the 50-day moving average now acts as a 0.8600 intermediate resistance may rekindle another leg of short-term rebound for EUR/GBP. The next resistance stands at 0.8720 which is also the 200-day moving average. The recent 157 pips […]...
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Posted: Jul 31 2023, 09:48
Author Name: marketpulse
Views: 080844