EUR/GBP could revisit yesterday’s low of 08762 and could break lower in Europe, as the absence of strong bounce despite the bullish divergence of the hourly chart relative strength index (RSI) indicates the bearish sentiment is quite strong. The 5- and 10-day moving averages (MAs) are trending south in favor of the bear and the pair also closed below 0.8617 (Jan. 25 low) yesterday, reinforcing the bearish view put forward by the MAs and lower highs and lower lows carved out over the last eight weeks. A close above the 10-day MA would abort the bearish view. Hourly chart Trend: Bearish FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ethereum comes face to face with acute resistance stifling recovery after the waterfall drop – Confluence Detector FX Street 4 years EUR/GBP could revisit yesterday's low of 08762 and could break lower in Europe, as the absence of strong bounce despite the bullish divergence of the hourly chart relative strength index (RSI) indicates the bearish sentiment is quite strong. The 5- and 10-day moving averages (MAs) are trending south in favor of the bear and the pair also closed below 0.8617 (Jan. 25 low) yesterday, reinforcing the bearish view put forward by the MAs and lower highs and lower lows carved out over the last eight weeks. A close above the 10-day MA would abort the bearish view. … Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
