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
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
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.
