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EURGBP runs higher today. Back above the 200 hour MA and swing area
The EURGBP is running higher today. The pair has been waffling up and down over the last 5 trading days. Today, the price broke above its 100 hour moving average of 0.85714 (blue line in the chart above), and has continued to step higher.That move has now taken the price above: A swing area between 0.8597 and 0.85992The falling 200-hour moving average of 0.85997The 38.2% retracement of the move down from the July 19 high at 0.86036the high price has reached 0.8606 but has stalled over the last f...
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Posted: Aug 1 2023, 16:31
Author Name: forexlive
Views: 080857