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EUR/GBP short-term extreme overbought

The 4hr RSI was printing below 50% most of the last three weeks and recently broke above the 60% mark.

EUR/GBP was in sell mode -the 50SMA placed below the 200SMA on 4hr charts-, until it failed to cooperate with these trend indicators. Now the oscillators point to a short-term extreme overbought zone which may allow sellers to adhere to a continuation move with the prevailing down trend.

However, should the pair extend its recovery from multi-week lows into a new trend, short positions may require a contingency plan.

EUR/CHF down move could be exhausted

EUR/CHF down move could be exhausted
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NZD/USD downside open below key 0.6620

NZD/USD is currently trading at 0.6612 with a high of 0.6618 and a low of 0.6605.
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