Technical Analysis – EURGBP selling to lose steam; downtrend to stay in place

EURGBP recovered a little after taking the shape of a doji near a 6 ½-month trough of 0.8620 on Monday. In momentum indicators, the RSI bounced off its 30 oversold mark, denying to register a new lower low at a time when the MACD continues to strengthen its positive momentum in the negative territory, both suggesting that the selling […]