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EUR/GBP Bounces Off of a Rising Trendline From June 2010

posted by Avatar FXTimes 617 days ago in EUR, GBP, Technical made popular 617 days ago

The EUR/GBP is seen in the weekly chart testing a rising trendline that extends back to June of 2010. The weekly chart also shows an RSI reading stuck mostly between 60 and 40 since then, reflecting a long-term consolidation period. Price is trading above the 200SMA though, so the bias in the long-term is still bullish. If it remains bullish...
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