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EURGBP bangs against support for the 2nd time today. 100 hour MA and swing area in play.

EURGBP bangs against support for the 2nd time today.  100 hour MA and swing area in play.
The EURGBP - a major cross-currency pair - has seen up-and-down price action today. The initial low found support near the low of a swing area and 0.86982. The subsequent move back to the upside took the price up to 0.8725 before rotating back down again to retest the low from earlier today. Now, the 100-hour moving average has joined the glow of the swing area at the 0.8698 level. Just below that level sits the 200-day moving average of 0.86943.So the support from the low of the swing area, the... Read More
Posted: Oct 23 2023, 16:24
Author Name: forexlive
Views: 112622

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