The EUR/GBP pair rose during the course of the session on Friday, as we continue to see a reaction to the psychologically significant 0.70 level below.
The EUR/GBP pair rose during the course of the session on Friday, as we continue to see a reaction to the psychologically significant 0.70 level below. Given enough time, we think that a rally should offer a selling opportunity though, and we of course would sell this market on resistive candles above extending all the way to at least the 0.72 handle, which we feel is massively resistive. If we can break down below the 0.6950 level, the market should then feel free to go much lower at that point in time.
EUR/GBP Forecast November 30, 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.
