Gains also peaked at the trend defining 13 day moving average and formed a Doji.
These bearish factors have been confirmed by today's modest decline although we'd expect an early move beneath .8425 to confirm.
Thursday, 2 May 2013
EURGBP capped by Marabuzo Line
Interesting that the rally in EURGBP from last week's 13 week low stalled at a Marabuzo line formed by last Thursday's decline.
Gains also peaked at the trend defining 13 day moving average and formed a Doji.
These bearish factors have been confirmed by today's modest decline although we'd expect an early move beneath .8425 to confirm.
Gains also peaked at the trend defining 13 day moving average and formed a Doji.
These bearish factors have been confirmed by today's modest decline although we'd expect an early move beneath .8425 to confirm.
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