EUR/GBP Forecast July 27, 2012, Technical Analysis

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The EUR/GBP pair did very little during the Thursday session considering how much the Euro gained against other currencies. Interestingly enough, the candle at the end of the day looks rather resistive and it was negative. This sets up a selling opportunity if we can break the lows from the Thursday session. We are still very bearish of this pair, and suspected that this will simply be a chance to sell the Euro from higher price. As for buying, so we simply will not do it at this point in time as the European Union is still years away from working its problems out it seems.


EUR/GBP Forecast July 27, 2012, Technical Analysis

EUR/GBP Forecast July 27, 2012, Technical Analysis

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About: FX Empire Analyst - Christopher Lewis

Christopher is a part of the 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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