EUR/GBP Forecast September 7, 2012, Technical Analysis

posted
By FX Empire Analyst - Christopher Lewis
Print
Font Size
T
T
T
Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

The EUR/GBP pair went back and forth during the session on Thursday as the market simply has no directional bias at the moment. However, we do see the 0.79 level below as supportive and would start selling if it gave way. We need to see a daily close below that though, which means we will not be taking any trades during Friday. As for going long though, we see a ton of resistance all the way to the 0.81 handle. It isn't in till we get above that level that we would consider buying this pair.

 

EUR/GBP Forecast September 7, 2012, Technical Analysis

EUR/GBP Forecast September 7, 2012, Technical Analysis

Find a Broker
Continue to FX Empire Network