EURGBP breaks higher.

Discussion in 'Technical Analysis' started by ForexLive, Nov 6, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Above 50% of move down from October 28th and 200 hour MA The EURGBP tried to stall against the 200 hour MA once again, but was not able to keep the pair down. It has broken above the 200 hour MA at the 0.71507 level and triggered some stops. The move higher also breached the 50% of the move down from the October 28th high to the low reached earlier today. THat level comes at 0.7145 and will be a risk level for longs now.

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