Forex
globalreutersOctober 14, 20241 Mins read
EUR/GBP Price Analysis: Near-term bias tilts bearish as cross gives up 20-day SMA
globalreutersOctober 14, 20241 Mins read In Monday’s session, the EUR/GBP declined and settled lower at around 0.8350, below the 20-day Simple Moving Average (SMA), a development that worsens the technical outlook and reinforce the short-term bearish bias The EUR/GBP pair has been unable to sustain gains above the 0.8400 resistance level, indicating that the bulls are struggling to regain control.
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