EUR/GBP: Hits New Multi-Month Low, But Oversold Studies Continue to Obstruct Bears

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2023/04/f-eur-gbp16.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.actionforex.com/wp-content/uploads/2023/04/f-eur-gbp16.jpg 612w, https://www.actionforex.com/wp-content/uploads/2023/04/f-eur-gbp16-600×400.jpg 600w, https://www.actionforex.com/wp-content/uploads/2023/04/f-eur-gbp16-150×100.jpg 150w, https://www.actionforex.com/wp-content/uploads/2023/04/f-eur-gbp16-300×200.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>EURGBP fell to three-month low early Wednesday, attempting to resume larger downtrend, after a brief consolidation in past two days. Larger bears regained traction following a double rejection of recovery attempts and received fresh boost from weak German data (factory orders slumped in October and Nov construction PMI fell to the lowest since mid-2020). Bears […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/530536-eur-gbp-hits-new-multi-month-low-but-oversold-studies-continue-to-obstruct-bears/">EUR/GBP: Hits New Multi-Month Low, But Oversold Studies Continue to Obstruct Bears</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>