EURGBP – Ending Wedge highlight a downward bias

EURGBP – Ending Wedge highlight a downward bias


Monthly: Since posting large nett losses in September 2017 (-395 pips) the cross has moved sideways. Price action in March (2018) has seen a bearish Outside Month posted and offers a mild downward bias. The RSI (Relative Strength Index) is close to 50 (mid-point) highlighting we are non-trending. A large wedge formation offers a long-term bearish bias.

Weekly:  An area to note to the downsi…

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