EURGBP seems to have reached oversold levels near the 200-day simple moving average (SMA) as the RSI is showing some positive movement after flatlining near its 30 oversold levels. The MACD and the red Tenkan-sen are also looking ready to change direction, though as long as the indicators hold in bearish territory, downside pressure is expected to dominate. Besides that, the bearish intersection of the 20- and 50-day SMAs should also keep traders cautious if the lines remain negatively aligned. An extension [..]
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