During Monday's trading session, the EUR/GBP exchange rate stood at 0.8589, marking a 0.17% decrease. The daily chart indicates a prospect of declining prices, with a gradually dominant downtrend. This pessimistic sentiment is further evident in the 4-hour chart, where indicators reside deeply within negative territories. The downward slope and negative territory of the Relative Strength Index (RSI) suggest that sellers currently dominate the chart. This bearish trend finds reinforcement in …
Bearish Camp Halts Price Rally, Signals Further Decline for FX:GBPUSD
During Monday's trading session, the EUR/GBP exchange rate stood at 0.8589, marking a 0.17% decrease. The daily chart indicates a prospect of declining prices, with a gradually dominant downtrend. This pessimistic sentiment is further evident in the 4-hour chart, where indicators reside deeply within negative territories. The downward slope and negative territory of the Relative…
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