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Forex technical analysis: EURGBP scraping along a bottom

Discussion in 'Technical Analysis' started by ForexLive, Nov 24, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Trades between 100 and 200 hour MA The EURGBP has been moving up and down since February. The high since then peaked at 0.7492. The low was back in July at 0.6933. There have been other swing lows between 0.6983 and 0.7025 (see chart below). Last week, there was a brief peek below the lower extreme at 0.6980, but that was quickly reversed. ON the topside over the last 4 trading days, the high has stalled near the 0.7025 level. Today there was another little peek as the high reached 0.7029.

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