The British Pound appreciated against the Euro, adding to gains since I pointed out bearish technical and sentiment signals in EUR/GBP. One of these is an Evening Star candlestick formation which formed under near-term resistance at 0.8698 on the chart below. Yet, the pair is still far from achieving a trend in the bigger picture, though EUR/GBP’s recent progress certainly put it in the right direction. This is because the dominant downtrend since January is still on hold as prices consolidate between resistance and support with the latter being above 0.8472. Achieving a breakout in either direction should come with ... (full story)