FXEMPIRE
All
Ad
Advertisement
Advertisement
Christopher Lewis
Add to Bookmarks
eurgbp

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.

 

Advertisement
Know where the Market is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

EUR/GBP Forecast December 14, 2012, Technical Analysis
 

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker