posted bybrilo 797 days ago
in EUR, GBP, Weeklymade popular 797 days ago
EUR/GBP failed below 0.9137 again and dropped sharply to as low as 0.8914 last week. The cross drew support from 55 days EMA and rebounded strongly. Such development mixed up the outlook. Also, considering that EUR/GBP is close to medium term falling trend line (now at 0.9202), we'll stay neutral for the moment.