EURGBP tumbles on Draghi comments and projection revisions

Discussion in 'Technical Analysis' started by ForexLive, Sep 3, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Back below 200 day MA The EURGBP is also sharply lower on the back of lower inflation in GDP projections and hints of QE tinkering. The move has taken the price back below the 200 day moving average. That level comes in at 0.73443. The price has also moved below the 100 and 200 hour moving averages at 0.7325 and 0.73206 respectively.

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