EURGBP’s recent improvements were curbed by the falling 50-period simple moving average (SMA), redirecting the price southwards. The pair looks to apply significant pressure once more on the 0.8860-0.8873 critical support base. All SMAs are downward-sloping and maintain a predominantly bearish heading, promoting further declines in the pair. The short-term oscillators suggest positive directional momentum is fading. The MACD, in the negative region, is rising above its red trigger line but is finding it difficult to stretch above zero. The [..]
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