EUR/GBP Price Forecast: Breaks Below 0.8550; 14-day EMA Appears As A Next Support
August 13, 2024 at 07:24 AM EDT
EUR/GBP broke below the nine-day EMA at 0.8539 level, suggesting a short-term bearish trend. The momentum indicator 14-day RSI still suggests a bullish bias for the currency cross. The 14-day EMA at 0.8520 level could act as immediate support.