EURGBP – 100 day mvg avg capping
14th July 2015
Last week’s stalling at the 100 day moving average is proving the key element to trading. That failure to break higher has now translated into significant selling pressure that has taken EURGBP back below the key 13 day moving average. The scope of the move – almost 1 big figure – means sentiment is overstretched but intraday bounces now look to be limited. Therefore 3cAnalysis technical analysis signals mean we’re looking at the downside today with scope to .7087 then .7055.
Only above .7162 negates this bearish scenario.
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