Technical Analysis – EURGBP climbs above 200-SMA; 100-SMA applies the brakes

EURGBP declined over the last three weeks to levels just above the 0.9000 psychological number, forming a base for the lows. Bulls brought ammunition yesterday pushing above the 2018 high of 0.9098. Overcoming the 200-period simple moving average (SMA) and the 0.9127 level, which is the 23.6% Fibonacci retracement level of the up leg from […]