The EUR/GBP pair fell during the course of the day on Friday as we continue to bang around in the general area. The 0.7050 level offer support, so having
The EUR/GBP pair fell during the course of the day on Friday as we continue to bang around in the general area. The 0.7050 level offer support, so having said that we feel it’s only a matter time before we bounce. Nonetheless, we have no interest in putting money into this market to the upside, and as a result we will simply wait for some type of short-term bounce of the week in search selling yet again based upon resistive candles. We believe that the 0.72 level above is resistance, and the market will struggle anytime we get close to it.
EUR/GBP Forecast November 16, 2015, 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.
