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.

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