EURGBP stays bullish above 200 EMA but with some weak signs in current trend

The EURGBP has made a pullback to the resistance level of 0.7903, and now the pair is trying to consolidate below the 200 SMA.

This pair has been prevented to progress in the bullish trend in the short term, because the daily pivot point level of 0.7894 is very strong, so it is very likely that the EURGBP extend the drop to support level of 0.7879. If this pair manages to make a breakout at that level, the next target would be the level of 0.7870.

The RSI indicator remains in negative territory, although the MACD indicator is reflecting indecision in the intraday trend of the EURGBP

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