EURGBP

EUR/GBP slightly rebounded, trimming losses from the previous week, although its attempts to move higher appear limited. As a result, the pair remains vulnerable to further losses if the bearish sentiment persists.

Key Indicators

• RSI is at 42 — recovering but still below neutral.

• Daily — Price is trading well below the 50, 100, and 200 SMAs, maintaining the bearish trend.

Fundamental Context

EURGBP continued its modest recovery on Tuesday after finding a foothold near 0.8650. Meanwhile, overall momentum remains sloppy as investors await interest rate decisions from the ECB and the BoE.