Technical Analysis – EURGBP accelerates above 0.8800; risk tilted to the upside
Posted on March 11, 2020 at 8:12 am GMTEURGBP regained positive momentum above the 200-day simple moving average (SMA) on Wednesday that kept the bulls under control since the start of the month and is currently in battle with the 0.8800 area. Earlier, the pair confirmed a bullish double bottom pattern by breaking the neckline around 0.8594 and now the bullish cross competed between the 20- and the 50-day SMAs is further backing a trend improvement. Regarding the price momentum, it could stay positive in the short-term but [..]