EUR/GBP Forecast July 31, 2012, Technical Analysis
Add a comment
Technical Reports
To learn more click here
The EUR/GBP pair managed to sell off a bit during the Monday session, as the Euro experienced weakness all around the currency world. The pair did manage to break the bottom of the shooting star formed on Friday, so technically this is a sell signal. However, we also see the high likelihood of a bearish flag forming yet again and this would suggest much lower prices.
In fact, the move suggested by this bearish flag would have us looking for the 0.75 handle now. It was a bearish flag that got a selling previously, and it looks like it could be another one against the selling again. On a break of the Monday lows, we are shorting this pair yet again and aiming for the 0.75 handle now.
EUR/USD Mid-Session Analysis for May 20, 2013
AUD/USD Fundamental Analysis May 21, 2013 Forecast
Gold Continues To Tumble As US Data Gives Sentiment A Boost
Gold Fundamental Analysis May 21, 2013 Forecast
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.
View all of FX Empire Analyst - Christopher Lewis's Articles
