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EURGBP down for the 5th day in a row and gets closer to swing area support

The EURGBP stalled against its 100 day MA after a really earlier in the month. Sellers leaned against that moving average level on 2 consecutive days. Back in July, the price also tested the 100 day moving average for 2 consecutive days and also found sellers.The last 5 days have seen the pair move lower. That has now taken the price to a swing area on the daily chart that extends back to August 2022 and reestablished in June and July of this year. That area comes between 0.8503 and 0.85195. Th... Read More

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Content Topics

Eurgbp

Down

Gets

Closer

Swing

Area

Support

Forex

Posted: Aug 17 2023, 18:40

Author Name: forexlive

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