EUR/GBP Forecast October 5, 2012, Technical Analysis

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The EUR/GBP pair shot straight up during the session on Thursday as the Euro continues to strengthen against most currencies. However, we are currently in the middle of a big massive amount of noise from the month of June, and as such we aren’t as interested in this pair as many other ones.

The Euro is currently enjoying bullishness against many currencies, and this market isn’t any different. However, the British pound is strong against many other currencies as well, and as such we feel this market is beginning to very strong currencies against each other, which is something that we do not like to do. Because of this, we are very flat of this market right now.

 

EUR/GBP Forecast October 5, 2012, Technical Analysis

EUR/GBP Forecast October 5, 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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