EURGBP is entering bullish territory as the price is deviating above its shorter-term moving averages (SMAs) at the same time the MACD is turning positive after 5 months. The RSI and the red Tenkan-sen line are resuming their positive momentum, backing this view as well. Before turning optimistic however, the price should first clear the key 0.8600-0.8655 resistance area as any failure to surpass that region could shift the spotlight back to the 0.8470 support level. Lower, the December 9 trough of 0.8392 may [..]
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