Forex Flash: EUR/GBP bearish with ranging tendencies - Nomura

FXstreet.com (Barcelona) - Nomura Analyst Saeed Amen delivers his short term views on EURGBP from a purely technical perspective.

EURGBP is technically bearish with indications of range bound trading. Amen sees a target of 0.7890 and explains that with spot unable to breach the upper Bollinger band and RSI (14) stalled a bearish view can be taken. Low bandwidth indicates range bound trading ahead.