The EUR/ GBP pair fell initially during the Thursday session, but bounced in order to form a hammer. This pair is most decidedly broken out above the
The EUR/ GBP pair fell initially during the Thursday session, but bounced in order to form a hammer. This pair is most decidedly broken out above the 0.8150 level, and as a matter of fact we are now bullish of this pair because of it. However, we think that pullbacks that show signs of support will be the way going forward. Until we get below the 0.8150 level however, we simply cannot sell this market as it should have far too much support at that general vicinity. With this being said, any signs of support after a slight fall on the shorter-term charts will be what we use for buying signals.
EUR/GBP Forecast December 28, 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.
