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EURGBP Daily Chart

Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-12-11_00-26-35eurgbp

2015-12-11_00-26-35eurgbp

On this eurgbp daily chart I like that price is stalling at the 200 MA.

If price does not move over the 200 moving average then price might continue its down move.

It also alligns with my bearish fundamental bias therefore the down moves might be bigger.

The stop loss would be placed over the 200 MA.

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