Accordingly to the 1-hour MACD, the runaway EUR/GBP market has reached its highest intraday momentum of the last month of trading.
Caution is advised not to trade into a buying climax as a torrent of selling could very well ensue. This could take the form of short-term profit taking or long-term sellers joining the market. The just printed hourly MACD value shows less acceleration, an early sign of a possible plunge in EUR/GBP price action.
|0.8496299783388 ||0.8503899772961 ||0.8515299956003 ||0.8534300128618 ||0.8541900118192 ||0.8553300301233 |
|Trend Index||OB/OS Index|
| Bullish || Extremely Overbought |