EURGBP spikes back higher...

Discussion in 'Technical Analysis' started by ForexLive, Nov 26, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    The 0.7000 level hold below AND the 100 and 200 hour MAs are broken above The 0.7000 level was a support level for the EURGBP (). I expected the broken 100 and 200 hour MA to hold rallies on a correction, but instead the price pushed right through the converged MA lines and in the process, moved back above the the consolidation area the gripped the pair from Nov 17 to yesterday's trading. Well, I will take it.

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