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Forex technical analysis: EURGBP respecting the 200 hour MA

Discussion in 'Technical Analysis' started by ForexLive, Aug 3, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Support against it yesterday. Today a break below and using as resistance The 200 hour MA is flexing technical muscle over the last few days. The pair found support against the level toward the end of trading yesterday. The price rallied toward the 100 hour MA where selling pushed the price below the 200 hour MA line in the London morning session. The corrective move higher in the North American session peaked against the 200 hour MA line at 0.8404 and the price has rotated back lower.

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