The EUR/GBP pair initially rallied during the course the week but turned back around to form a bit of a shooting star. However, there is a significant
The EUR/GBP pair initially rallied during the course the week but turned back around to form a bit of a shooting star. However, there is a significant amount of support at the 0.75 level, and extending down to the 0.74 handle. With fact, we would fully anticipate seeing some type of support below that could turn this market back around. We are buyers of supportive candles and of course a break above the top of the shooting star as it shows continued bullish momentum and should send this market much higher.
EUR/GBP forecast for the week of January 25, 2016, 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.
