Day: February 6, 2024

The EUR/GBP trades lower at 0.8540,with a 0.30% drop

EUR-GBP_oksignals_article image

In Tuesday’s session, the EUR/GBP pair was seen taking a dip to 0.8540, falling below the 20-day Simple Moving Average (SMA). The mix of hawkish US Federal Reserve bets, rising US Treasury yields, and negative Eurozone Retail Sales figures from December, drove down the cross. Technically speaking, bears still dominate the daily chart while indicators […]

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