Description
⋅ EUR/GBP broke under a near-term rising trendline from April back in early July.
While the Euro weakened after the breakout, it seems that the single currency is trying to make a comeback.
Prices were unable to break under the 100-day Simple Moving Average. This means the Golden Cross with the 50-day line is still in play.
Breaking above the 50-day line from here could be a hint that further gains may come. Such an outcome would place the focus on highs from June.
Otherwise, further losses would place the focus on lows from April.