EURGBP

By Forex Zone - August 25, 2016
EURGBP trades at session highs
Approaching the 100 bar MA on the 4-hour chart. Risk can be defined and limited It was yesterday, that traders took the EURGBP lower and that pushed the price to test the 200 bar MA on the 4-hour chart  at the 0.8479 level  The low reached 0.8484 and the rally began. Risk could be defined and limited. Today the price advance has continued with the price extending above trend line resistance and more recently above the 38.2% retracement of the moved down from the August 19 high at 0.85636.The...