EURGBP has been drifting south recently, after it hit resistance slightly above the 0.8700 territory. That said, although the pair is currently trading below all three of the plotted exponential moving averages (EMAs) on the daily chart, it is still stuck within the sideways range between 0.8520 and 0.8700. That range has been containing most of the price action since May. Our short-term oscillators detect negative momentum. The MACD runs below both its zero and trigger lines, while the RSI, although it ticked up somewhat, remains below its equilibrium 50 line. These indicators suggest that some further declines may ... (full story)