Technical Analysis – EURGBP holds in bearish sloping channel; risk of more losses
EURGBP posted losses for two negative weeks in a row and over the last nine weeks, the pair has been trading within a downward sloping channel, starting at a peak of 0.9030 resistance level and touching a low at 0.8690. The latter barrier is a new seven-month low. Looking at the 4-hour chart, in the […]