Mon, 02 Jun 2014 06:58:11 GMT
EUR/GBP 1H Chart: Channel Up
During more than two months started in mid-March, the Euro was depreciating against the British Pound; however, the currency pair managed to halt its slide by entering a bullish tunnel on May 22.
At the moment, the pair is sitting above the 50-hour SMA at 0.8135, albeit slightly. In fact, EUR/GBP had been struggling at the short-term SMA for