EUR/GBP Forecast for the week of August 13, 2012, Technical Analysis

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The EUR/GBP pair is an even clearer case of Euro weakness. And when you think about it, why shouldn’t it be? After all, the GBP has shown a remarkable amount of resilience as it continues to press against the massive resistance area at 1.57 against the Dollar. Meanwhile, we have nothing but dawdling and bad headlines coming out of Europe. The Pound should be rising in value, should it not? With this in mind, I am selling rallies and fresh lows in this pair.

EUR/GBP Forecast for the week of August 13, 2012, Technical Analysis

EUR/GBP Forecast for the week of August 13, 2012, Technical Analysis

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About: FX Empire Analyst - Christopher Lewis

Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.

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