The recent 157 pips slide seen on the EUR/GBP cross pair from its 0.8701 high printed on 19 July 2023 to 27 July 2023 intraday low of 0.8544 has managed to find support at the former medium-term descending channel resistance from 26 April 2023 high now turns pull-back support at the 0.8550 level. {chart} EUR/GBP short-term trend as of 31 Jul 2023 (Source: TradingView, click to enlarge chart) In addition, the 4-hour RSI oscillator has shaped a bullish divergence condition at its oversold region and inched backed up above the 50 level today, 31 Jul which suggests that short-term downside momentum has eased. A clearance ... (full story)