Today I want to share with you an idea of trading, which is technical but not necessarily an overload of . The red line shows the 200EMA and I have shown the retraction of price from the 200EMA. One way of trading this is to observe how far has price exceed from its fair price range (a.k.a. he 200 ). The 200EMA is a good all round evaluation of price and where it should be.
Therefore, I would expect the EURGBP to retrace somewhat towards the 200EMA in the coming days.
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