EUR/GBP Price Forecast: Signs of a potential bottom at 0.8350

  • The Euro is trading practically flat, right above theĀ  0.8400 round level for the fourth consecutive day on Monday. The 4-Hour RSI is flat at the 50 level, but a potential bullish Head & Shoulders pattern, coupled with the bullish divergence on the RSI, suggests that the negative cycle from April 10 highs might be over.