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EURGBP up over 1% in trading today

Around twenty-four hours ago, the EURGBP was trading at the lowest level since January 20 and in the process was testing the 100 day MA at 0.8750. The low reached 0.87539 around 4 pips shy of the 100 day moving average.

Since then the price has shot back higher with the index reaching a high price today of 0.88959 - for a total gain of about 142 pips. The current price trades just off that high at 0.8884.

Technically, the run back to the upside yesterday initially found sellers... Read More

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Posted: Mar 1 2023, 16:20

Author Name: forexlive

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