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EURGBP reclaims ascent, salvaged by 50-day SMA
EURGBP recovered its positive bearing as it recently found a foothold on the rising 50-day simple moving average (SMA). The rescued hike appears to be aided by the upward slopes in the 50- and 100-day SMAs. Glancing at the short-term oscillators, it seems positive sentiment has paused. The MACD, slightly in the positive area, looks to nudge back above its red trigger line, while the RSI’s improvement in bullish territory stalls. The stochastic oscillator holds a bullish tone with the %K line having reached the 80 mark. If buyers resurface, immediate constraints may commence at the 0.9112 obstacle ahead of the ... (full story)