The EUR/GBP pair fell during the session on Friday as the Euro continues to suffer against the Pound. We did see a little bit of support at the 0.8050
The EUR/GBP pair fell during the session on Friday as the Euro continues to suffer against the Pound. We did see a little bit of support at the 0.8050 level, and as a result we did bounce from the lows of the session. However, we think that more than likely we will see a continued drift lower to the 0.80 handle before seen significant support come into the marketplace. Nonetheless, we see far too many minor support and resistance areas in the general vicinity to get too excited about trading this pair at all.
EUR/GBP Forecast December 10, 2012, 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.
