Technical Analysis – EURGBP finds strong resistance at 200-SMA; holds in trading range in short term
EURGBP has remained in a trading range in the short-term over the last one-and-a-half month with upper boundary the 0.8840 resistance level and lower boundary the 0.8700 handle. The price has found strong obstacle at the 200-simple moving average (SMA) in the medium-term as it has been developing below it since the beginning of March. From the technical point of view, […]