EUR/GBP Forecast September 13, 2012, Technical Analysis

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EUR/GBP managed to eke out minor gains at the end of the session on Wednesday. The pair was extremely volatile, and as such it looks like we have a real dogfight on our hands at the 0.80 handle. With this being said, that is exactly why we are choosing to stay out of this market right now.

If we manage to get above the 0.81 handle, it is time to start buying this pair. However, we managed to break down below the 0.79 handle, we would start selling this one aggressively. In the meantime, we are simply going to step to the sidelines and see which side wins out.

EUR/GBP Forecast September 13, 2012, Technical Analysis

EUR/GBP Forecast September 13, 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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