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Forex technical analysis: EURGBP stalls ahead of 0.7500 level

Discussion in 'Technical Analysis' started by ForexLive, Oct 13, 2015.

  1. ForexLive

    ForexLive Forum Member

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    50% of move down from Sep 3 high stalls rally The EURGBP was pushed higher today on the back of weaker UK CPI data. The price extended to 0.7492 - just short of the 50% retracement of the move down from the September 10 consolidation high to the July 17, 2015 low. That level comes in at 0.74991 (see daily chart below).

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