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EURGBP update, bullish momentum dominates

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURGBP, Monthly EURGBP Monthly chart bullish momentum continues to dominate. Current price is higher by around +110 pips since my Jan 11 2016 EURGBP, update. My monthly chart targets remain for a test of the October 2008 lows (0.7700), currently around 128 pips from current market price (at the time of writing), while the extended price target remains at the measured move near the July 15 (Low) – Oct 15 (High) Fibo 161.8 expansion 0.7860. This is currently around 228 pips away from current

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