EUR/GBP – Bearish divergence, eyes sub 0.86 levels

FX:EURGBP   Euro / British Pound
Daily chart patternBearish price rsi divergence

Pair’s inverted bearish hammer candle of last Tuesday followed by a rejection near 0.87 handle on Friday and move lower to 0.8644 today adds credence to the bearish price-RSI divergence and suggests a possible decline to 0.8590 (last week’s low), under which losses could be extended to 0.85 handle.

On the higher side, only a day end close above 0.8725 would suggest bearish invalidation.
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