Falls below 50% and MA support.
The EURGBP was on the move earlier today, but ran into topside resistance against a topside trend line. That trend line reversed the move and the pair is back toward unchanged levels on the day. It is also testing the 38.2% of the move up from yesterday"s low. That comes in at 0.8496.
Earlier today (at the day's low), the pair found support against another support level defined by prior swing lows/highs (yellow area in the chart above). If the 38.2% should break, that area will continue to be a key support area for this pair.
