The EUR/GBP pair had a strong showing during the Tuesday session as the Euro benefited from Pound weakness in general. This wasn't necessarily a move into
The EUR/GBP pair had a strong showing during the Tuesday session as the Euro benefited from Pound weakness in general. This wasn’t necessarily a move into the Euro overall, simply a reaction to how poorly the British pound did. Having said that, we cannot help but feel that it is only a matter of time before we have the next European crisis, and as a result rallies will more than likely be selling opportunities in this pair. Because of this, we look for resistive candles at both the 0.85 level, and the 0.86 level in order to start selling again.
EUR/GBP Forecast April 3, 2013, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
