Back above 1.3000
A late day surge in London has pushed the pair back above the 1.3000 level The move has pushed the price above the 200 hour MA as well at the 1.3008 currently. Earlier today the price stalled against that level.
The price action has been up and down for most of the last 8 or so hours of trading but buyers were able to keep the pair supported against the 50%. Being above 1.3000 also attracted more buying.
It may end up being late day square up, but let the sellers prove they have push the price down. Right now, the buyers are taking more control.
PS The EURGBP is also making new lows and looks toward the 100 hour MA at 0.86299 level as the next key support target.
