The EUR/GBP pair rose during the course of the day on Wednesday, as we continue to find buyers below. The 0.70 level is a large, round, psychologically
The EUR/GBP pair rose during the course of the day on Wednesday, as we continue to find buyers below. The 0.70 level is a large, round, psychologically significant number, so that of course will attract quite a bit of attention. With this, we feel that this market will continue to be choppy though, and we think that it’s going to be much easier to trade these currencies against other ones, and not so much against each other. With this we are on the sidelines and we recognize that this may not be the best market to be involved in at the moment.
EUR/GBP Forecast August 20, 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.
