Technical Analysis – EURGBP to consolidate losses in short-term; bullish in medium-term

EURGBP registered sharp losses for the first time after 14 weeks following the peak to an almost decade high of 0.9323. The market switched to consolidation this week, moving sideways around the 0.9100 support area, with the flattening RSI and the falling MACD painting an overall neutral-to-bearish picture for the short-term. Should the downside correction stretch below 0.9100, […]