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Forex technical analysis: EURGBP tests and holds 100 day MA

Discussion in 'Technical Analysis' started by ForexLive, Jun 9, 2016.

  1. ForexLive

    ForexLive Forum Member

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    EURUSD support /GBPUSD resistance also helping The EURGBP took a turn to the downside in the NY session this morning. The momentum can be attributed partly to the breaking of the 100 hour MA line (at 0.7834). The line held on the first test, corrected modestly, and then took a steeper turn to the downside -breaking through that MA line and heading lower. Traders turned their bias around.

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