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EUR/GBP Forecast November 26, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Nov 26, 2015, 05:32 UTC

The EUR/GBP pair fell during the course of the day on Wednesday, testing the 0.70 level for support. However, we not only found it there but we did bounce

EUR/GBP Forecast November 26, 2015, Technical Analysis

The EUR/GBP pair fell during the course of the day on Wednesday, testing the 0.70 level for support. However, we not only found it there but we did bounce a bit towards the end of the day. With today being Thanksgiving Day in the United States, it’s very unlikely that this market will have a whole lot of volume once we get past the European trading session, so we believe that a short-term bounce could be possible off of the 0.70 level. We have noticed whatsoever in selling, at least not until we break down below the 0.69 level.

 

EUR/GBP Forecast November 26, 2015, Technical Analysis
EUR/GBP Forecast November 26, 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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