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Forex technical analysis: EURGBP finding support buyers

Discussion in 'Technical Analysis' started by ForexLive, Sep 12, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Price action down but technical support stalls the fall The EURGBP has seen the price move lower in the London trading session after a modest rally in the Asian Pacific session. The price decline has seen the price move from a high of around 0.8484 to a low of 0.8427. That low however, has stalled the fall right at the 200 hour MA (green line in the chart below). That MA comes in at 0.84272 currently. The pair also has support from the 38.2% retracement at 0.84318 and the 100 hour MA at 0.84362.

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