EUR/GBP Technical: Recent Downside Momentum Subsided

<p>The 4-hour RSI oscillator has traced out a bullish divergence condition at its oversold region. A break above the 50-day moving average now acts as a 0.8600 intermediate resistance may rekindle another leg of short-term rebound for EUR/GBP. The next resistance stands at 0.8720 which is also the 200-day moving average. The recent 157 pips […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/512296-eur-gbp-technical-recent-downside-momentum-subsided/">EUR/GBP Technical: Recent Downside Momentum Subsided</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>