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EUR/GBP Forecast November 25, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Nov 25, 2015, 05:10 UTC

The EUR GBP pair broke higher during the course of the day on Tuesday as we have seen quite a bit of support appear at the 0.70 level. We believe that the

EUR/GBP Forecast November 25, 2015, Technical Analysis

The EUR GBP pair broke higher during the course of the day on Tuesday as we have seen quite a bit of support appear at the 0.70 level. We believe that the market will probably continue to go higher, but there should be a significant amount of resistance near the 0.72 handle. Any type of resistive candle should be a selling opportunity as the market will certainly has quite a bit of downward pressure on it. With this, it’s only a matter time before he break down but we also recognize that the buyers have reentered.

 

EUR/GBP Forecast November 25, 2015, Technical Analysis
EUR/GBP Forecast November 25, 2015, Technical Analysis

About the Author

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.

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