UK 11% inflation and supply chain shock is starting to fade

UK inflation goes to 11% a 41-year high, goods prices continue to increase.

BOE says supply chain shock is starting to fade, however, with this inflation rate, the next couple hours the EURGBP will certainly go long.


Chart:

We have a support that was not tested after the dates of UK. But we can see the RSI in a oversold zone and after changing the direction the MACD is going up.

The MA of BB has already been tested with some candles shadows, but none of them crossed it.