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EUR/GBP Forecast August 21, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Aug 21, 2015, 05:37 UTC

The EUR/GBP pair went higher during the course of the session on Thursday, testing the 0.7150 region. This is an area that should significantly put a bit

EUR/GBP Forecast August 21, 2015, Technical Analysis

The EUR/GBP pair went higher during the course of the session on Thursday, testing the 0.7150 region. This is an area that should significantly put a bit of a roadblock to this market going higher. With that, although we recognize of this market is starting to show signs of bullishness, we are bit hesitant to get involved as it is easier to trade the Euro and the Pound against other currencies around the world. In the meantime, we will simply observed the daily charts in order to see if there is a trading opportunity in this particular marketplace.

 

EUR/GBP Forecast August 21, 2015, Technical Analysis
EUR/GBP Forecast August 21, 2015, Technical Analysis

About the Author

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.

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