The EUR/GBP pair went back and forth during the course of the session on Friday, as we continue to struggle right around the 0.74 level. This market looks
The EUR/GBP pair went back and forth during the course of the session on Friday, as we continue to struggle right around the 0.74 level. This market looks as if it’s ready to continue going lower, and as a result any type of rally at this point time should be a nice selling opportunity in our opinion. We have absolutely no interest in buying, and we simply look at any time this market rallies as value in the British pound. We ultimately believe that this market should head down to the 0.71 handle and below.
EUR/GBP Forecast February 23, 2015, 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.
