1H and 4H: The 1H chart shows a EUR/GBP pair declining, with the 50-period MA crossing below the 200-period MA. There is a bullish divergence with the RSI suggesting that the 0.82 area is supporting the pair, and it may be in some consolidation. The 4H chart shows the bigger
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EUR/GBP Sees Bullish Divergence at 0.82 Support
– June 25, 2010Posted in: Forex Technical Analysis