The EUR/GBP pair fell during the bulk of the session on Friday, testing the bottom of the hammer that had formed on Thursday. That being the case, this
The EUR/GBP pair fell during the bulk of the session on Friday, testing the bottom of the hammer that had formed on Thursday. That being the case, this market does look like it’s trying to break down a little bit, but we do have a general negative attitude towards it. However, we think that this market will continue to be very choppy and quite frankly it’s easier to trade the Euro or the Pound against the US dollar, or possibly the Japanese yen. At times, this market is almost untradeable. This could be one of this times.
EUR/GBP Forecast January 6, 2014, 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.
