EURGBP stance neutral in short and medium term

From xm.com

EURGBP topped its rally at two-week highs last Tuesday and reversed lower to finish the week slightly negative. In the near term, the pair could consolidate as the negative momentum in the RSI seems to be slowing down slightly below the 50 neutral mark, while the MACD continues to improve above its red signal line and towards zero but with softer speed. On the upside, the pair could retest the two-week high of 0.8820 after surpassing the 0.88 round level, which is the 38.2% Fibonacci retracement of the downleg from 0.9110 to 0.8616. Higher, a break above the 50% Fibonacci of 0.8863 and therefore a move above the ... (full story)