Technical Analysis – EURGBP sellers take control, obstructing advances

EURGBP’s recent ascent to 0.9054 seems to have stalled, reversing back down to the 0.8889 level, that being the 50.0% Fibonacci retracement of the up leg from 0.8281 to the 11-year peak of 0.9498. The current inactive demeanour within the pair is also reflected in the flattened Ichimoku lines. Directional momentum appears to have dried […]