The EUR/GBP pair rallied during the session on Tuesday but gave back quite a bit of the gains. The 0.71 level above continues offer resistance, but having
The EUR/GBP pair rallied during the session on Tuesday but gave back quite a bit of the gains. The 0.71 level above continues offer resistance, but having said this we look at this pair as being very choppy to say the least, and as a result we are more than comfortable to sit on the sidelines and completely ignore this market at the moment. Quite frankly, the Euro and the British pound are both currencies and we are interested in trading, but not necessarily against each other at the moment as the two currencies are fighting each other so intently.
EUR/GBP Forecast August 12, 2015, Technical Analysis
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
