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EURGBP doing a little backtracking

Discussion in 'Technical Analysis' started by ForexLive, Aug 4, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Acceleration stalling after a move above topside resistance The 0.8484-92 area has been divided the extreme from above with a corrective area below since July 5th. That area has been test on two other occasions in August. In the move higher today, the price moved to a high of 0.8496, but has come back off and currently trades at 0.8483. The low on the correction took the price to 0.8470. Key area for this pair.

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