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EUR/GBP Retesting Previous Daily Resistance Zone as Support

From vantagefx.com

Good afternoon traders, As price moves back down to retest a major zone, today’s in-play chart is EUR/GBP. But before we move onto today’s level, I want to make sure that we’re up to date with the unfolding narrative in the pair. Each of the EUR/GBP levels that I’ve blogged about recently have all had an effect on how we got here. The way that price has stepped and reversed has been almost textbook technical behaviour and is worth a look. Go through and click each of the links to our previous EUR/GBP blogs and if you haven’t already been following along, take a look at how we got here. First up, EUR/GBP printed a ... (full story)

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  • Category: Technical Analysis