EUR/GBP Stabilizing Beneath 0.7240 As Anticipated, What Is Next?

In our previous technical report for the EUR/GBP pair , we have suggested bearish tendencies after failure to maintain levels above 0.7400. Our proposed clue for the bears was defined at the classical support of 0.7240.

Prices have managed to stabilize below moving averages, achieving three consecutive daily closings as seen on our provided daily graph.

EUR/GBP Daily Chart

Meanwhile, momentum indicator-RSI14- has been double topped and is currently moving below the momentum support-turned into resistance at the value of 50.00.

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