The EUR/GBP pair went back and forth during the course of the day on Monday, showing a slight bit of bearishness. However, we think that this market is
The EUR/GBP pair went back and forth during the course of the day on Monday, showing a slight bit of bearishness. However, we think that this market is simply going to continue to drift a little bit lower towards the 0.70 level. We do not believe that this market is necessarily going to break down, but it does have a bit of bearish pressure overall. With this, we feel that selling on a break below the bottom of the range is probably the only potential trade that you have, but at this point in time we are looking for small moves only.
EUR/GBP Forecast August 11, 2015, 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.
