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Forex technical analysis: EURGBP tests resistance area

Discussion in 'Technical Analysis' started by ForexLive, Sep 19, 2016.

  1. ForexLive

    ForexLive Forum Member

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    The pair tests resistance between 0.8574 – 0.85825 The EURGBP is testing the highs from Friday and earlier today. The level is also a resistance area defined by swing lows and swing highs going back to August 11. If the GBPUSD has reached a corrective low (), holding this area and moving lower would show sellers in the EURGBP and could also lead to a more favorable tone in the GBPUSD.

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