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EUR/GBP Forecast August 26, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Aug 26, 2015, 05:39 UTC

The EUR/GBP pair fell during the day on Tuesday, breaking the bottom of the shooting star for Monday. This was in fact a sell signal, but we did bounce a

EUR/GBP Forecast August 26, 2015, Technical Analysis

The EUR/GBP pair fell during the day on Tuesday, breaking the bottom of the shooting star for Monday. This was in fact a sell signal, but we did bounce a little bit towards the end of the day. If you are not involved in this market, we feel that the sell signal is now on a break down below the lows of the session on Tuesday. We have no interest in buying this pair, at least until we break above the top of the shooting star for Monday. With this, we have a negative bias but will have to be patient.


 

EUR/GBP Forecast August 26, 2015, Technical Analysis
EUR/GBP Forecast August 26, 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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