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Forex technical analysis: EURGBP test trend line support line

Discussion in 'Technical Analysis' started by ForexLive, Apr 22, 2016.

  1. ForexLive

    ForexLive Forum Member

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    The EURGBP has a key test The EURGBP fell below the 200 bar MA on the 4-hour chart yesterday and successfully held below the MA level on the test. Today has been about moving away from that MA line. The fall has taken the price to the next support target against the trend line connecting most recent swing lows at the 0.7803. We are trading at that line right now. Move below should keep the pressure on the pair.

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