Advertisement
Advertisement
EUR/GBP Forecast July 3, 2017, Technical Analysis
Updated: Jul 1, 2017, 05:06 GMT+00:00
The EUR/GBP pair fell initially during the day on Friday but found support at the 0.8750 level. We are currently crashing into the 0.88 handle, and a
PREMIUM
Read what the experts are trading this weekExclusive analysis from FXEmpire top analysts — curated insights you won't find on the free site.In-depth analysis
Curated reports
Top analysts
Unlock Premium
The EUR/GBP pair fell initially during the day on Friday but found support at the 0.8750 level. We are currently crashing into the 0.88 handle, and a break above the 0.8815 level should send this market even higher. The market has been well supported over the longer term, so if we can break out to the upside that would be bullish, not only because of that, but because it breaks above the top of the shooting star for the week. Alternately, if we break down below the 0.8750 level, that would be a selling opportunity.
EUR/GBP Video 03.7.17
About the Author
Christopher LewisSenior Analyst
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.
Advertisement