Technical Analysis – EURGBP tests base of long-term range; bias still bearish

EURGBP stretched its sharp downfall of Friday to retest the base of its three-year old range, as it traded near the 0.8300 round level. Technically, the market is hovering in oversold waters according to the RSI which expands below its 30 level and therefore the odds for price reversal are rising. However, with the indicator holding a downward […]