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
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
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.
