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EURGBP in the mix again....

Discussion in 'Technical Analysis' started by ForexLive, Dec 10, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Bounces off 100 hour MA/50% The EURUSD is making new highs. The GBPUSD rise slows. HMMM must be the EURGBP again. The EURGBP moved lower on the NY session, until the 4 pm fixing where the pair stalled right at the 100 hour MA and the 50% retracement of the last leg higher. That level came in at 0.72209 The price is trading 0.7242 now. SO up goes the EURUSD. GBPUSD sits still.

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