Bullish Correction: EUR/GBP has been bullish in October, rallying from 0.7764 to 0.8046. The 4H chart shows that the market gained some bullish momentum as the RSI pushed above 80, and was starting to show bullish bias with price above the 200-, 100-, and 50-period SMAs. Losing Bullish Bias: Entering this week, the EUR/GBP is losing those bullish momentum and bias signals. In the 4H chart, we are seeing price dip into the cluster of SMAs, and the 4H RSI falling below 40, which shows loss of the bullish momentum in October. Furthermore, price seems to be cracking this month’s rising trendline. If October’s rally is ... (full story)