Technical Analysis – EURGBP hits 5-week low; sharp sell-off continues
EURGBP edged sharply lower over the last hours and recorded a fresh 5-week low of 0.8710. When looking at the bigger picture the pair has been trading within a downward sloping channel since October 2017. The short-term technical indicators are bearish and point to more weakness in the market. Looking at the 4-hour chart, prices are looking capped by […]