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EURGBP - Weekly 200MA

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 30, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURGBP - weekly 200MA The EURGBP inverse Head and Shoulders has not quite reached its target circled at .8039-65 having been stopped by the weekly 200MA. This maybe the top of the current up move as profit gets taken back towards .7756. Last week's Marabuzo comes in at .7845 and though it has been breached, we are now trading back above it, forthe 200MA to be broken this week Marabuzo needs to hold. Whichever side ofthe 200MA we close this week could give a good clue

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