The EUR GBP pair fell initially during the session on Tuesday, but bounce enough to continue the move higher and get above the 0.8450 level. Because of
The EUR GBP pair fell initially during the session on Tuesday, but bounce enough to continue the move higher and get above the 0.8450 level. Because of this, we feel the market is going to continue to grind higher, but the move is going to be at a snail’s pace at best, and therefore difficult to be involved with. With that in mind, we don’t like buying this pair, even though we do believe that eventually will go higher. Quite frankly, it’s easier to trade the Euro or the Pound against the Dollar at this point.
EUR/GBP Forecast December 18, 2013, 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.
