The EUR/GBP pair shot straight up during the session on Wednesday as the Euro gained against the balance of the world currencies. The market still sees
The EUR/GBP pair shot straight up during the session on Wednesday as the Euro gained against the balance of the world currencies. The market still sees plenty of minor support resistance areas, and this includes the 0.81 handle which is just above where we closed. Because of this, this is one of her least favorite currency pairs to trade at the moment. With that being said, we are very flat of this market right now and would wait until a significant break of the 0.8150 level for going long, and a breakdown of the 0.7950 level for shorting. Until then, we will simply bounce around and very tight quarters.
EUR/GBP Forecast December 13, 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.
