Bulls could defend the SMA-intersection in the EUR/GBP

The gains in the EUR/GBP led the 100-hour SMA has moved above the slower 200-hour SMA.

The Overlap on the hourly chart is also referred to as a «Golden Cross». The price level is supporting the EUR/GBP and it will generate a buy signal. Up to a closing price below the 200-SMA, the Signal remains valid.

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