EURGBP and EURCHF each tests 100 hour MA

Technical Analysis

Author: Greg Michalowski | eurgbp

Both cross pairs moving lower today

Looking at the hourly charts of EURGBP and the EURCHF each are moving lower today and each are approaching their respective 100 hour MAs. 


For the EURGBP, the  100 hour MA comes in at 0.8613.  A move below would next target the 200 hour MA at 0.8604.  Move below that and the sellers are more in control

For the EURCHF, the 100 hour MA comes in at 1.09746. The low just reached 1.09758 - just above that level.   On a break, the pair would next target the 200 hour MA at 1.09663.  Move below that, and the sellers are more in control.

EURCHF on the hourly chart
Of course, the moving averages can also provide support as risk can be defined and limited against the level.  So key barometer for both the buyers and sellers in both those currency pairs.  

Invest in yourself. See our forex education hub.
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose