8 Oct 2016
Growing price instability in EUR/GBP
EUR/GBP was a game of two halves in yesterday's trading, forming a high wave candlestick pattern on this time frame.
While closing the day above the 21-day simple moving average, this pair has thrown in a large bodied candlestick with seemingly large upper and lower wicks.
Both buyers and sellers were defending the extremes, yet a neutral to bullish tone prevails.
While closing the day above the 21-day simple moving average, this pair has thrown in a large bodied candlestick with seemingly large upper and lower wicks.
Both buyers and sellers were defending the extremes, yet a neutral to bullish tone prevails.