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EURGBP extends to new session highs

Discussion in 'Technical Analysis' started by ForexLive, Dec 14, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Tail waggin the EURUSD dog The EURGBP has surged to new session highs and highs going back to October 22nd. It is testing the 61.8% of the move down from the October high to the November low. The last week has seen the price move above and stay above the 100 and 200 day MAs (blue and green lines in the chart below). Today the price based against that level and has been moving higher since then.

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