Yesterday we posted about price on the EURGBP 4hr chart making a false break of the Very Big Round Number 0.800. To see this post see here: EURGBP False Break After posting yesterday price did end up breaking higher and moving into the area we had identified as the next resistance area. When …
Price Action Charts in Focus
EURGBP Rejection candles
The EURGBP has been moving much lower over the past few weeks and has now fallen into the Very Big Round Number (VBRN) of 0.800. Quite often these VBRN's can act as psychological support and resistance areas in the market. On the 4hr chart of this pair we can see some interesting price action at …
EURGBP Moves Lower Into VBRN
Yesterday we posted in this blog about a Bearish Engulfing Bar on the daily chart of the EURGBP. To read that post see here: EURGBP BEEB After posting this setup price moved lower to test the Very Big Round Number of 80.00 before moving back higher to close higher off the daily lows. If price …