3cAnalysis

Direction for sentiment on EURGBP changed for a 4th consecutive day yesterday. But more importantly the Marabuzo line created 13th August continued to prove it’s relevance as Wed’s rejection of the downside extended. With the 13 day moving average also attractive to buyers, momentum positive and strength indicators (RSI) bullish we look for this platform to continue to be the key background element with potential to .8037 and .8050.