The EUR/GBP pair has been a sideways market for the last month or so. The truth is that both of these currencies simply aren’t liked by many. The pair
The EUR/GBP pair has been a sideways market for the last month or so. The truth is that both of these currencies simply aren’t liked by many. The pair looks to be stuck between the 0.85 and 0.8650 levels, and there isn’t much to suggest that we are going to break out of this range in the short-term. This is especially true since the holidays are coming up soon, and the traders will certainly be away from the markets the later we get in the month. With this in mind, we still see this as a day trader’s market for the next several weeks.
EUR/GBP Forecast for the Week of Dec. 12th, 2011, 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.
