61.8% retracement at the same area
The EURGBP has dipped lower and just tested the 61.8% retracement and 100 hour MA at the 0.89016-18 area. If you recall, yesterday, the pair moved above this MA line, and ran from it (to the upside). The peak extended above a topside trend line but failed. The price action has been up and down since that peak was reached.
The EURUSD is also near support at 1.0910-15 area (trades at 1.0916 currently). The GBPUSD is helping to force the pair lower as it moved above resistance against it's 100 and 200 hour MAs at 1.2214-26.
