EUR-GBP Technical Analysis (Revisited) 11-Dec-2020

The EUR-GBP went extremely overbought last Friday 11-Dec-2020 due to the heavy falls in the GBP-USD which went oversold. The movement of the EUR-GBP was closely related to all the Euro and Pound pairs i.e. EUR-USD, EUR-JPY, EUR-CAD etc vs GBP-USD, GBP-JPY, GBP-CAD etc. 

However by the end of the trading day it eventually retrace back at least at the position where it should be. Next monday 14-Dec-2020 it may goes down for further corrections before deciding either to move up or down depending on which position the pair will rest. We will see...

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