Forex technical analysis: EURGBP staying under pressure

Discussion in 'Technical Analysis' started by ForexLive, May 24, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Resumes move lower The EURGBP fell below neckline support last week and quickly moved to test the low shoulder point from March 10th (see chart below). The correction higher stalled before the 38.2% (and the 100 day MA/neckline level, and the selling has resumed. The price is trading below the prior lows and looks to continue the downside momentum.

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