The EUR/GBP pair fell during the Monday session, after banging into the 0.8150 level on Friday. The shooting star on Friday wasn't the most attractive
The EUR/GBP pair fell during the Monday session, after banging into the 0.8150 level on Friday. The shooting star on Friday wasn’t the most attractive candle, but it did suggest that we were going lower – which of course we did. It should be noted however that the session bounce quite a bit, and we formed a candle that was and as bearish as it could’ve been. Because of this, it looks like the market is trying to bounce back above the 0.8150 level, and if it does we are more than willing to start buying. Until that happens, we don’t see a trade that we like as there is far too much choppiness below.
EUR/GBP Forecast December 18, 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.
