EURGPB Oversold!

١٩ فبراير ٢٠١٩

This pair looks to have moved down a significant amount over the last couple of days, the pair has strong downward momentum. This pair has managed to recover a little moving in a bullish channel, it is currently testing the support level of this channel while the RSI is testing the oversold level simultaneously. I believe we would see this pair rise a little over the next couple of hours. Overall I think this pair has a bearish outlook and is currently taking a break. This pair can be very volatile changing at any point due to the uncertainty of the Brexit negotiations. I would be sure to update this pair as I gather more information.