Christopher Lewis
Add to Bookmarks

The EUR/GBP pair broke higher during the course of the day on Monday, clearing the 0.79 resistance barrier. Because of this, we feel that this market probably continues to go higher, reaching the top of the previous consolidation area. The consolidation area goes all the way to the 0.8050 level, and with that we feel that the market is short-term bullish, but we do not anticipate anything much in the way of a major move. Shorting at this point in time is difficult, unless of course we get the right resistant candle. We will wait until the daily close to make that decision.


Know where the Market is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

EUR/GBP Forecast October 14, 2014, Technical Analysis

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker