On the technical front, the Relative Strength Index (RSI) for the EURGBP pair shows a cooling momentum as it hovers within neutral territory. There's been a slight decrease in the daily RSI level suggesting a market slowdown. Meanwhile, as for the Moving Average Convergence Divergence (MACD), the histogram prints flat green bars, aligning with the RSI. Moreover, the overall trend is still negative as the pair trades below the 100 and 200-day Simple Moving Averages (SMA), but if the buyers hold above the 20-day average, the pair could see some additional upside.
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