EURGBP Accelerates To The Downside

Discussion in 'Technical Analysis' started by Kaitlin, Apr 29, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The previous analysis highlighted the tendency for EURGBP to trade above the 61.8% retracement before rolling over on the longer term charts. Needless to say, this did not occur on this occasion as it rolled over almost perfectly at this level. After two consecutive bearish weeks and now trading below[​IMG]

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