Has the EURGBP fallen enough for now?

Discussion in 'Technical Analysis' started by ForexLive, May 25, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Off lows but... The EURGBP has moved about 190 pips from the highs this week. That is about a 2.45% decline. Not bad. As outlined last week, the pair did move below neckline support and the 100 day MA. Yes, there was a correction at the end of last week, but the trend restarted this week with the better Brexit talk.

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