EUR/GBP - LOSING MOMENTUM | BEARISH RSI DIVERGENCE STILL INTACT

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  • See linked below my previous EUR/GBP idea where I planned a bullish forecast
  • Although price has dropped noticeably lower, the RSI bearish divergence is still printing
  • tThis indicates that although we are dropping below a significant support level, the strength of the bearish price is getting lower and lower
  • As a result, I still believe we will retrace upwards and push back up above the support given we are also printing a descending wedge
  • Long position still open and expecting the retracement soon
Ghi chú
Previous EUR/GBP idea
EUR/GBP - CONFIRMED BULLISH RSI DIVERGENCE | DEMAND ZONE REACHED
Chart PatternsCurrenciesEURGBPEURUSDForexfxGBPUSDTechnical IndicatorsTrend AnalysisUSDUSDCADUSDJPY

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