EUR/GBP - LOSING MOMENTUM | BEARISH RSI DIVERGENCE STILL INTACT
Updated
- See linked below my previous EUR/GBP idea where I planned a bullish forecast
- Although price has dropped noticeably lower, the RSI bearish divergence is still printing
- tThis indicates that although we are dropping below a significant support level, the strength of the bearish price is getting lower and lower
- As a result, I still believe we will retrace upwards and push back up above the support given we are also printing a descending wedge
- Long position still open and expecting the retracement soon
Note
Previous EUR/GBP idea
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