The EUR/GBP pair rallied a bit during the session on Monday, using the 0.70 level as a bit of a springboard. With this, it’s probably only a matter time
The EUR/GBP pair rallied a bit during the session on Monday, using the 0.70 level as a bit of a springboard. With this, it’s probably only a matter time before he reach towards the 0.71 handle, but we believe that there is more than enough bearish pressure above to keep this market on the soft side. If we make a fresh, new low, it’s a good star, but we believe that we need to break down below the 0.69 level in order to start selling with any significant amount of confidence at this point.
EUR/GBP Forecast November 24, 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.
