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Forex technical analysis: EURGBP back up testing the 200 day MA

ByGreg Michalowski

Feb 22, 2017

Yesterday was the 1st close below since December 2015
Yesterday the EURGBP broke below the 200 day MA for the 1st time since December 2015 (yes 2015). That is significant for the bears. The price should go lower. Indeed the price did go lower in trading today. The low reached 0.8402.

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By Greg Michalowski

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