Euro vs GBP Hammered at Key Resistance, What’s Subsequent?
EUR/GBP Technical Outlook
- EUR vs GBP checks its highest stage in over a decade
- Indicators and buying and selling zones to maintain in focus
EUR/GBP – Bulls Ease Up
On Friday, EUR/GBP soared to 0.9052 -its highest stage in over six months. The market closed the weekly candlestick within the inexperienced with 4.5% acquire. This week, the value resumed bullish value motion and printed its highest stage in eleven years at 0.9500 then declined after as bulls appeared to chop again.
Right this moment, the Relative Power Index (RSI) deserted overbought territory highlighting a slowing down uptrend momentum.
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EUR/GBP DAILY PRICE CHART (FEb 1 – Mar 20, 2020)
Trying on the every day chart, we observed that on…