EURGBP Bulls Attempting To Take Control On Hourly

May 25, 2020

The above charts are of the EURGBP. The left chart shows the daily time frame. Here we can see that the currency pair is above its black 20-day SMA and that the daily RSI is positive (green rectangle). The right chart shows the hourly time frame. The green 5-hour EMA is attempting to cross above the orange 10-hour EMA and the hourly RSI has moved to the bullish side of 50 (blue rectangles). If the EMAs develop a sustained angle and separation, the EURGBP bulls will be in control.