EUR/GBP had a very flat day on the session as traders took a breather on Thursday. The recent fall has been fairly severe, and the market needed a period
EUR/GBP had a very flat day on the session as traders took a breather on Thursday. The recent fall has been fairly severe, and the market needed a period of rest. The 0.85 level above giving way was a serious breach of support, and the bias is certainly to the downside. With that in mind, we are selling rallies and new lows. We will not buy the Euro at all currently, and that includes against the Pound.
EUR/GBP Forecast December 16, 2011, 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.
