EUR/GBP went back and forth during the session on Monday, but gain did very little traction in either direction. The 0.8050 level continues to be an area
EUR/GBP went back and forth during the session on Monday, but gain did very little traction in either direction. The 0.8050 level continues to be an area where both buyers and sellers are interested, and as a result this pair is very difficult to trade right now. Unfortunately, we are nowhere near the bigger support area of 0.80 that I would like to see in order to start buying. With this being the case, we are more than willing to stay outside of this market and simply let some type of significant move either up or down show what the next move is going to be.
EUR/GBP Forecast December 11, 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.
