Price back above the 100 and 200 hour MAs
The EURGBP has folowed the EURUSD higher - maybe not at the speed of the EURUSDs surge but the move has been impressive. The range for the day is 191 pips. The average over the last 22 days is 63 (PS the EURUSD has a 372 pip range vs 100 pip average).
The move higher has taken the price above both the 100 and 200 day MA at the 0.71929 and 0.7199 level. The topside has been capped against the 50% at the 0.7236 so far. Look for the two MAs to now provide support (risk) a break above the 0.7236 should solicit stops).
