1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

EURGBP doing a little backtracking

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

  1. ForexLive

    ForexLive Forum Member

    Joined:
    Sep 2, 2015
    Messages:
    14,114
    Likes Received:
    1
    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.

    Read full forex technical analysis here
     

Share This Page