The EURGBP has been moving much lower over the past few weeks and has now fallen into the Very Big Round Number (VBRN) of 0.800. Quite often these VBRN's can act as psychological support and resistance areas in the market. On the 4hr chart of this pair we can see some interesting price action at …
EURGBP Moves Lower Into VBRN
Yesterday we posted in this blog about a Bearish Engulfing Bar on the daily chart of the EURGBP. To read that post see here: EURGBP BEEB After posting this setup price moved lower to test the Very Big Round Number of 80.00 before moving back higher to close higher off the daily lows. If price …
EURBGP BEEB
The EURGBP has formed a Bearish Engulfing Bar (BEEB) on the daily chart. This BEEB is in-line with the most recent down move on the daily chart. The weekly chart of this pair also shows a bearish signal in the way of a BEEB. If price can manage to break lower the near term support comes in …
