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Forex technical analysis: EURGBP does what you'd expect...

Discussion in 'Technical Analysis' started by ForexLive, Nov 6, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    The party's over for now. Sellers at 50%/200 hour, buyer return just ahead of the 100 hour MA The EURGBP rally did in fact stall the surge at the 50% and 200 hour MA and the corrective move took the price back down to toward the 100 hour MA (blue line) below at 0.71128. The low corrective price reached 0.71163. . The action says to me that the party is over for the time being in the pair. With eyes open for a break and run and traders trading the range.

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