EUR/GBP edged lower to 0.9007 last week but recovered quickly again. Initial bias remains neutral this week first. The structure of the fall from 0.9291, as well as weak downside momentum as seen in 4 hour MACD, suggest that it’s merely a corrective move. That is, rise form 0.8670 isn’t completed yet. Break of 0.9162
The post EUR/GBP Weekly Outlook appeared first on Action Forex.
EUR/GBP edged lower to 0.9007 last week but recovered quickly again. Initial bias remains neutral this week first. The structure of the fall from 0.9291, as well as weak downside momentum as seen in 4 hour MACD, suggest that it’s merely a corrective move. That is, rise form 0.8670 isn’t completed yet. Break of 0.9162 […]
The post EUR/GBP Weekly Outlook appeared first on Action Forex.