A bearish divergence is currently forming at the RSI level on the EUR/GBP pair with new highs marked by prices that are not validated by new highs on the indicator. It is in this context that we had a hesitating session yesterday as moving averages at 7 and 20 sessions are about to cross. Investors may therefore be bearish if we go over yesterday's low as it would confirm the crossing of moving averages and thus the beginning of the downtrend.
Direction: Down
Entry: 0.8580 (triggering threshold)
Stop-loss: 0.8700
Hold the position with a stop above the moving average at 20 sessions
