EURGBP fell below an uptrend line taken from the lows of April 17 lately, and also crossed below its 200-day simple moving average (SMA), touching a fresh three-month low earlier on Friday. The pair’s medium-term outlook hence appears to be turning increasingly negative, from neutral previously. Short-term momentum oscillators support this notion. The RSI is already underneath its neutral 50 line and is pointing lower, detecting accelerating downside speed. Likewise, the MACD is within negative territory, and has recently dipped below its red trigger line as well. Further declines in the pair could encounter ... (full story)