Technical Analysis – EURGBP still range-bound; directional signals conflict
EURGBP is currently capped by the merged 50- and 100-period simple moving averages (SMAs) in the 4-hour chart still bound within a directionless market that commenced on April 6. Further backing this view is the mostly flat joined 50- and 100-period SMAs. Turning to the short-term oscillators, they paint an unclear picture. The stochastics are […]