Technicals: EUR/GBP – I bet its turning over

Apart from the bearish RSI divergence, what makes me more confident is that the golden cross on the daily chart. Any time the short-term moving average cross the long-term moving average it is the golden cross – A bullish lagging indicator, which is almost always a sign of trend reversal 🙂

I bet the pair is turning over and is set to test 50-DMA in the short-term. 50-DMA currently stands at 0.8658 levels.



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s