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EUR/GBP Forecast August 28, 2017, Technical Analysis
Updated: Aug 26, 2017, 06:32 GMT+00:00
The EUR/GBP pair has been a bit choppy during the session on Friday, initially lowering to the 0.9190 level. However, later in the day we are seeing quite
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The EUR/GBP pair has been a bit choppy during the session on Friday, initially lowering to the 0.9190 level. However, later in the day we are seeing quite a bit of bullish pressure, and it should continue the uptrend overall. Ultimately, the market should continue to reach towards the 0.95 level, which of course is a large, round, psychologically significant number. After that, I suspect that the market will go looking towards the parity level for the longer-term move. This market will be susceptible to headlines coming out of the negotiations between the EU and UK, so keep in mind that sudden turnarounds are possible.
EUR/GBP Video 28.8.17
About the Author
Christopher Lewisauthor
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.
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