The EUR/GBP pair initially fell during the course of the day on Monday, but found enough support to turn things back around and form a hammer. The hammer
The EUR/GBP pair initially fell during the course of the day on Monday, but found enough support to turn things back around and form a hammer. The hammer of course is a bullish sign so therefore we have an interest in going long on a break of the top of the candle. However, the market should probably find quite a bit of resistance at the 0.72 level as well. Ultimately, we think this market will be very volatile and difficult to deal with. Because of this, we feel this market is probably one of the more difficult that we follow.
EUR/GBP Forecast August 18, 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.
