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EURGBP rotates back down to test its rising 100 hour moving average. Key barometer today
The EURGBP - both yesterday and today - moved up to test a swing area between 0.8609 and 0.8611 (see video yesterday HERE). Sellers leaned on each day. That area's importance increased on the hold. The ceiling is in place. The up and down move lower today, has now taken the EURGBP pair down to test its rising 100-hour moving average of 0.85839 (blue line in the chart below). That moving average line was tested yesterday and also back on August 24 and August 23. Support buyers came in near that...
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Posted: Aug 30 2023, 15:17
Author Name: forexlive
Views: 111614