The EUR/GBP pair initially rocketed higher during the course of the session on Monday, as the Euro got quite a bit. However, the 0.74 level offered enough
The EUR/GBP pair initially rocketed higher during the course of the session on Monday, as the Euro got quite a bit. However, the 0.74 level offered enough resistance to turn this market back around and form a massive shooting star. With this, we feel that the market is more than likely going to continue finding sellers and we will eventually break down a little bit. With that being the case, we are bearish but recognize that we have to wait to see whether or not can get a break down from here. Once we get below the 0.73 level, we would be sellers.
EUR/GBP Forecast August 25, 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.
