Unemployment fell today pushing the pound higher. We see this in the EUR/GBP lower in price, because we are selling the Euro and buying the British pound. On my 4hr chart you can see the price has drop to my 55 ema (0.7397) .I am now looking for some green candle to push the price higher again up to WR1 0.7448 or my 61.8% fib, retracement level . I am looking for a lower high. Hope to sell this pair lower if I get the chance ?
Good Luck with your trading