EUR/GBP: Techs favour buying dips for now

Author: Sean Lee | Category: News

The fall from .9045 looks like it’s been arrested for now after prices bottomed out near .8615, which is the 61.8% retracement of the .9045/.8350 fall. The 200-day MA comes in around .8585 and this will also be lending support. Only a break below both of these levels will re-ignite bearish momentum and buying dips with a stop below the 200-day makes a lot of technical risk-reward sense.

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