Technical Analysis – EURGBP short-term bias weaker, nearby resistance keeps pressuring

EURGBP is trading in a tight narrow range of 0.8574-0.8676 which is part of the three-month-old bear trend. The soft upward move in the RSI and the MACD reflects a weaker short-term bearish bias but a closing price above the 0.8676 resistance could attract some buying interest towards 0.8753, which is the 23.6% Fibonacci retracement […]