EUR/GBP: Initial Reversal Signals Need More Work at the Upside for Validation

<p><img width="416" height="261" src="https://www.actionforex.com/wp-content/uploads/2018/04/f-eur-gbp3-e1600272819744.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" /></p>
<p>EURGBP rose in early Thursday’s trading, adding to initial signal of formation of reversal pattern on the daily chart, after Wednesday’s action ended in long-legged Doji candle, signaling indecision. Oversold studies contributed to fresh profit-taking, though 14-d momentum is still in negative territory, signaling that underlying bears remain firmly in play for now. Fresh gains […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/536862-eur-gbp-initial-reversal-signals-need-more-work-at-the-upside-for-validation/">EUR/GBP: Initial Reversal Signals Need More Work at the Upside for Validation</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>