May find temp buying but sellers more in control stil
The EURGBP is sharply lower in trading today after moving above the 200 hour MA for the first time since the US election results on November 9th. That break was short lived, however (about 5 minutes), before the buyers turned to sellers. Momentum lower, accelerated as the EURUSD got hammered on the back of ECB chatter about extending bond buying and some pretty good US data (supporting the USD).