100 and 200 hour MA. 38.2% retracement
For a trade, the EURGBP has corrected to the 100 and 200 hour MA and the 38.2% retracement at the 0.7354 – 0.7356 area. Yesterday, the pair broke below these line on the way to a test of the lows from Dec 23. If sellers still like it, this is the place to find the sellers on a trade.
Forex technical analysis: EURGBP tests correction resistance. Will sellers respond?
