EUR/GBP Technical Analysis: Under pressure with RSI violating rising trendline
|- EUR/GBP is currently trading in the red below 0.8650 and may suffer a deeper drop toward the 50-day moving average (MA), currently at 0.8609, as the 14-day relative strength index (RSI) has dived out of the rising trendline, signaling the end of the pair’s corrective bounce from the March 13 low of 0.8472.
- Also note that the pair dropped 0.33 percent yesterday, validating indecision, signaled by the doji candle created on Tuesday.
Daily chart
Trend: Bearish
Pivot points
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