The EUR/GBP pair initially rallied during the course of the session on Tuesday, but turned back around near the 0.71 handle. Ultimately though, we think
The EUR/GBP pair initially rallied during the course of the session on Tuesday, but turned back around near the 0.71 handle. Ultimately though, we think that this market is far too choppy to be involved in, although we fully recognize that the sellers seem to be in control the moment. If we can get below the 0.70 handle, at that point in time we would be comfortable selling. Until then, we think this market simply grind back and forth, and with that being the case it’s probably best to try to trade these currencies against the US dollar.
EUR/GBP Forecast November 11, 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.
