The EUR/GBP pair broke higher during the course of the day on Wednesday, testing the 0.7150 barrier. We believe that there is a significant amount of
The EUR/GBP pair broke higher during the course of the day on Wednesday, testing the 0.7150 barrier. We believe that there is a significant amount of resistance in this general area though, so if we can get some type of resistant candle we are more than willing to start selling again. We have no interest in buying, because we think there is so much in the way of noise above. There are going to be easier ways to play both the Euro and the Pound in the Forex markets. We will look to those other pairs.
EUR/GBP Forecast August 13, 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.
