EUR/GBP forecast for the week of September 24, 2012, Technical Analysis

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The EUR/GBP pair fell during most of the week as the British pound has been so strong. We have fallen to test the 0.80 handle, and on the daily chart this pair looks rather well supported at this point time. Is because of this that we suspect this pair will continue to grind away between the 0.80 handle, and the 0.81 handle. Consolidation could be them move forward, at least until we break out of this 100 pip zone. Until then, we are flat of this market. However, the nice thing is that we should have a clear signal in this market once we break out of this area as to where the pair wants to go.

 

EUR/GBP forecast for the week of September 24, 2012, Technical Analysis

EUR/GBP forecast for the week of September 24, 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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