FX:EURGBP   Euro / British Pound
35 0 2
As the pound has been in free fall recently, the EURO             has been boosted consequently and its no surprise that the EURGBP             has rocketed to new highs.

Today I want to share with you an idea of trading, which is technical but not necessarily an overload of technical analysis . 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 EMA ). 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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Comment: Should probably mention in this case the missed monthly pivot is my target for this pair!
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