EUR/GBP: The pair is overbought

Forex analytics: The pair EUR/GBP failed continuing downward movement rebounding from strong resistance level of 0.7820 (ЕМА200 on the weekly chart and Fibonacci 50% to the last wave of decline from the highs of August 2013). The pair fell by 1800 points from the level of 0.8700 to the lows of 2015.The price broke the level of 0.7820 and starting from the mid-March the pair EUR/GBP has been going up. The ...