The EUR/GBP price analysis shows that bulls are currently in control as long as they sustain the 20-day SMA. This moving average indicator is important for determining the overall trend in the market. If the bulls can keep the price above this level, it suggests that the uptrend is likely to continue.
The EUR/GBP pair has been showing strength in recent trading sessions, with the bulls pushing the price higher. This indicates that there is buying pressure in the market, which is supporting the upward movement. As long as the 20-day SMA holds, the bulls are expected to remain in control.
It is important for traders to keep an eye on the 20-day SMA to monitor the strength of the bullish trend. If the price starts to fall below this level, it could signal a shift in momentum and a possible trend reversal. However, as long as the bulls can maintain control and keep the price above the 20-day SMA, the uptrend is likely to continue.