The EUR/GBP pair rose during the session on Wednesday, but pullback a little bit from the 0.82 handle. The resulting candle is a bit of a shooting star,
The EUR/GBP pair rose during the session on Wednesday, but pullback a little bit from the 0.82 handle. The resulting candle is a bit of a shooting star, but we feel that this market has broken out, and as a result are willing to buy any type of sport action on a pullback. We think that the 0.8150 level should offer plenty of support going forward, and that could be the place where we get enough buyers into the market in order to push prices higher. As for selling, we have no interest in doing so going forward.
EUR/GBP Forecast December 27, 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.
