EUR/GBP – Rounded Bottom; Rising Trendline

Rounded bottom: The EUR/GBP has been coming off a rounded bottom since finding support at 0.8410 to start April. The 4H RSI has held above 40 and tagged 70 a couple of times, reflecting bullish momentum. However, the moving averages tell the story of a sideways market. At the 4/18 US trading session…

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EUR/GBP – Rounded Bottom; Rising Trendline

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