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EUR/GBP Forecast November 9, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Nov 7, 2015, 06:09 UTC

The EUR/GBP pair went back and forth during the course of the session on Friday, showing quite a bit of indecisiveness. With that being the case, and the

EUR/GBP Forecast November 9, 2015, Technical Analysis

The EUR/GBP pair went back and forth during the course of the session on Friday, showing quite a bit of indecisiveness. With that being the case, and the fact that both the Euro and the Pound have broken down drastically against the US dollar, this is a market that is probably going to be quite volatile and difficult to trade. If we break above the top of this candle, we still have a significant amount of resistance to turn things back around. However, if we fall from here there is most certainly a massive amount of support below. We are on the sidelines.

 

EUR/GBP Forecast November 9, 2015, Technical Analysis
EUR/GBP Forecast November 9, 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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