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
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.
