Forex technical analysis: EURGBP getting involved
New 12 day low fails to ignite any selling. So traders cover.
The EUREGBP for the 2nd day in a row, took out a prior low but failed to develop any additional downside momentum. Yesterday, the price fell below the August 31 low of 0.7243. The low came in at 0.72408, but could not go any further. Shorts covered.
