EURGBP is confronting the firm support foundation of 0.8670-0.8690 after deteriorating below the Ichimoku cloud and the simple moving averages (SMAs), more than a month ago. The bearish Ichimoku lines are feeding negative price action, while the falling 50- and 100-day SMAs are nurturing the descent. Moreover, the short-term oscillators are demonstrating persisting downwards momentum. The MACD, some distance below zero, is slipping under its red trigger line, while the RSI is sliding past the 30 level into oversold regions. Furthermore, the stochastics are in oversold territory and the %K line has yet to give ... (full story)