EUR/GBP Price Forecasts: Euro holds below 0.8450 with indicators showing some bullish divergence
The post EUR/GBP Price Forecasts: Euro holds below 0.8450 with indicators showing some bullish divergence appeared on BitcoinEthereumNews.com. The Euro (EUR) is trading flat against the British Pound (GBP) on Wednesday, with bears contained above 0.8535 yet failing to find acceptance above 0.8650 so far. Price action shows a clear bearish trend, although the bullish divergence evident in the four-hour Relative Strength Index (RSI) suggests that sellers might be exhausted. In the fundamental domain, geopolitical tensions are back in the spotlight as US President Donald Trump called the US-Iran ceasefire to an end. Oil prices have bounced up from recent lows, and risk appetite has vanished, which is weighing on any significant Euro recovery. European Central Bank (ECB) board member José Luis Escrivá affirmed on Wednesday that the bank should keep all options open but that monetary policy would normally “look through one-off energy price shocks.” The Euro barely moved following Escrivá’s