EURGBP bounces off 200 month MA at 0.7370
The EURUSD is now making new highs and it can thank the EURGBP for the push. That pair came right down to the 200 month MA at the 0.73707 level , and bounced up (see 5 minute chart below).
Looking at the EURUSD, the price has shot up with the EURGBP and now trades above the 1.1358-72 resistance area. Stay above will keep the pair supported - with the next targets being the 1.1401 and 1.1412 levels.
