In Tuesday's session, the EUR/GBP pair modestly fell to 0.8525, continuing its range-bound movement.
EUR/GBP declined to 0.8525 during Tuesday's session, within an ongoing range-bound movement. Indicators project conflicting cues but overall suggest a steady selling pressure. The cross is about to close a bullish crossover between the 20 and 100-day SMA which would be a buy signal. In Tuesday's session, the EUR/GBP pair modestly fell to 0.8525, continuing its range-bound movement.
The Relative Strength Index remains flat at 54, indicating moderate selling pressure. However, the Moving Average Convergence Divergence is forming rising red bars, pointing to growing bearish momentum and the possibility of a strong reversal. Volume patterns have been mixed, with lower volume in recent sessions compared to earlier spikes in the month. EUR/GBP daily chart The EUR/GBP pair has been consolidating within the range of 0.8500-0.8550. A breach above 0.
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