The EUR/GBP pair initially fell during the course of the session on Thursday, but found enough support near the 0.70 level to turn things back around and
The EUR/GBP pair initially fell during the course of the session on Thursday, but found enough support near the 0.70 level to turn things back around and break much higher. In fact, this is a market that looks very bullish all of a sudden, as this is a very impulsive candle to the upside. With this, if we can break above the top of the candle it would suggest that we should see more continuation to the upside as it appears that the longer-term consolidation area and support at the 0.70 level should continue to move this market.
EUR/GBP Forecast November 6, 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.
