EUR/GBP in Pullback After Trendline Breakout

Broken trendline: The daily chart for EUR/GBP shows a pair that has broken below a rising trendline going back to the July low of 0.7755. However, the market bounced off the 100-day SMA, and kept the daily RSI above 40, showing it is still hanging on to the bullish bias established by the July…

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EUR/GBP in Pullback After Trendline Breakout