Forex technical analysis: EURGBP tests correction resistance. Will sellers respond?

Discussion in 'Technical Analysis' started by ForexLive, Jan 6, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    100 and 200 hour MA. 38.2% retracement For a trade, the EURGBP has corrected to the 100 and 200 hour MA and the 38.2% retracement at the 0.7354 - 0.7356 area. Yesterday, the pair broke below these line on the way to a test of the lows from Dec 23. If sellers still like it, this is the place to find the sellers on a trade.

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