Warning of a potential short-term bottom in EUR/GBP

A counter trend reaction in EUR/GBP may flourish as the stochastic (14,3,3) has came out of oversold territory with the recent 30-min. close.

GBP/USD struggles to extend the recovery above 1.2400

The bears remain in control as we head into early Europe, keeping any recovery attempt in GBP/USD short-lived above 1.24 handle. GBP/USD: BOE and Fed
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EUR/CHF: Downward pressure has resumed – Danske Bank

Jens Nærvig Pedersen, Senior Analyst at Danske Bank, suggests that the political uncertainty in Europe, coupled with rising geo political risks follow
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