The EUR/GBP pair initially fell during the course of the day on Friday, but found enough support to turn things back around and plow into the 0.7250
The EUR/GBP pair initially fell during the course of the day on Friday, but found enough support to turn things back around and plow into the 0.7250 region. If we can break above the top of the range for Friday, we feel that this market will then head towards the 0.74 level, as it is a large, round, psychologically significant number and of course a resistance barrier. With that being the case, we would be buyers but also recognize that the gains are probably going to be fairly limited at this point in time.
EUR/GBP Forecast August 24, 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.
