The EUR/GBP pair initially fell during the course of the session on Thursday, but then broke out to the upside and cleared the 0.70 handle. It appears
The EUR/GBP pair initially fell during the course of the session on Thursday, but then broke out to the upside and cleared the 0.70 handle. It appears that the market is probably going to continue to go higher, heading towards the 0.71 level during the session. The markets should continue to favor the Euro over the Pound in the short term, and possibly even to the 0.7225 level before the sellers return to push lower and continue the overall consolidation that we have been in for some time. This pair is choppy at best.
EUR/GBP Forecast August 7, 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.
