Bounces off 100 hour MA/50%
The EURUSD is making new highs. The GBPUSD rise slows. HMMM must be the EURGBP again.
The EURGBP moved lower on the NY session, until the 4 pm fixing where the pair stalled right at the 100 hour MA and the 50% retracement of the last leg higher. That level came in at 0.72209 The price is trading 0.7242 now. SO up goes the EURUSD. GBPUSD sits still.