EUR/GBP Forecast October 4, 2012, Technical Analysis

Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

The EUR/GBP pair rose during the session as the Euro gained in general. The 0.8 0 handle gave way again, and this does suggest that we are going to make another attempt at the 0.81 handle. While the Euro enjoys a bit of a reprieve from bearishness, the British pound has sold off slightly. This explains the move in this market, and although we see the possibility of a move higher, we don’t necessarily think that something massive is in the works. In fact, we think this will be a bit of a grind with a slightly bullish bias. Because of this, this is one of her least favorite pair that the moment.


EUR/GBP Forecast October 4, 2012, Technical Analysis

EUR/GBP Forecast October 4, 2012, Technical Analysis

Want to read more articles like this one?
Enter your e-mail address and read FX Empire content directly from your inbox.
We value your privacy. Your e-mail address will not be shared.
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.

  View all of FX Empire Analyst - Christopher Lewis's Articles    
Share Your Thoughts: Post a Comment

Your email address will not be published.

include_once( __DIR__ . "/request_context.php");