EURGBP 1 May 2023 on the H4 timeframe, it can be seen that the pair has been experiencing a bearish trend since the end of last week. It went down through the support line to the current point. When referring to the stochastic and RSI indicators, there has been oversold which allows for a trend reversal. If the pair is able to rise towards the support line, then go-long is an option. On the other hand, the pair may still be struggling and moving sideways. Wait for more indications or trade with your own risk.
