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Forex technical analysis: EURGBP tests retracement level

Discussion in 'Technical Analysis' started by ForexLive, Sep 14, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Falls below 50% and MA support. The EURGBP was on the move earlier today, but ran into topside resistance against a topside trend line. That trend line reversed the move and the pair is back toward unchanged levels on the day. It is also testing the 38.2% of the move up from yesterday"s low. That comes in at 0.8496.

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