EUR/GBP bullish outlook softens as bears threaten the 200-day SMA

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• The EUR/GBP suffers losses, positioned at 0.8660 with a decline of 0.30%.
• Daily chart indicators reveal signs of bearish momentum with RSI’s negative bias and MACD’s waning positive momentum.
• Despite a temporary bearish outlook, the broader term sees bulls in control.
• The Cross will close a 2% yearly loss.

In Friday’s session, the EUR/GBP slipped down to 0.8660, shedding a small 0.30%. Breathing room for bearish activities emerged after the pair gained 1% last week. Both daily and four-hour charts signal a neutral to bullish bias, with buyers slightly dominating and significant strides marked in the four-hour indicators.