EURUSD being helped as the EURGBP heads the other way
The EURGBP has been up and down in for most of the London trading session. The move lower has been able to find support against the 100 hour MA (blue line in the chart below). The last hour has seen the price move from that MA to the 200 hour MA (green line).
The move higher has helped the EURUSD trade to new session highs (above resistance area and topside channel trend line.
The two instruments are linked of late. So keep an eye on what happens against the 200 hour MA..
