Technical Analysis – EURGBP stuck in a range but bullish signals seem to strengthen
Posted on April 12, 2019 at 9:37 am GMTEURGBP jumped above the 50-day simple moving average (SMA) and into the Ichimoku cloud on Friday for the first time since the start of the year, raising hopes for further improvement. The momentum indicators comply with this view as long as the RSI keeps increasing speed to remain above its 50 neutral mark and the MACD holds in positive territory. Still, for a longer-lasting rally in the near term, the pair needs to break its range-bound trading within the 0.8470-0.8726 [..]