The EUR/GBP pair rose during the session on Thursday as the Euro got a boost against most currencies. We are still stuck in a range bound between two
The EUR/GBP pair rose during the session on Thursday as the Euro got a boost against most currencies. We are still stuck in a range bound between two relatively tight levels, not to mention the fact that there are a lot of minor areas in between. Because of this, we are not interested in trading in this market until we break out above the 0.8150 level, or break down below the 0.7950 area. Until then, this is a scalpers market at best, but quite frankly we are starting to see minor resistance and support areas as closes 15 pips apart.
EUR/GBP Forecast December 14, 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.
