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EUR/GBP Forecast October 25, 2016, Technical Analysis

By:
Christopher Lewis
Published: Oct 25, 2016, 04:28 UTC

The EUR/GBP pair had a slightly positive session during the course of the session on Monday, as it appears that we are reaching back to the 0.90 level

EUR/GBP daily chart, October 25, 2016

The EUR/GBP pair had a slightly positive session during the course of the session on Monday, as it appears that we are reaching back to the 0.90 level again. This is a market that will more than likely find quite a bit of resistance above, so with that being the case I think although the longer term is probably going to be positive, it is going to be quite difficult to break above there. Pullbacks should continue to offer value, but keep in mind that it is going to be tough going.

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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