Technical Analysis – EURGBP remains neutral in short and long term
Posted on December 4, 2018 at 12:22 pm GMTEURGBP has had a strong bearish rally this morning after the bounce off the 0.8940 resistance level. Neutral to negative risks remain in the background as the RSI decreases momentum to the downside in the positive region, while the %K line of the stochastic oscillator turned lower and is ready to create a bearish cross with the %D line in the oversold zone. A decline in the price may retest the 20- and 40-simple moving averages (SMAs), which hold near [..]