The EUR/GBP pair fell during the course of the day on Thursday, as the 0.8050 level offered enough resistance to turn the market back around. This has us
The EUR/GBP pair fell during the course of the day on Thursday, as the 0.8050 level offered enough resistance to turn the market back around. This has us thinking that the market is going to continue to consolidate in the same general area, and because of that we are sellers on a break of the range for the session on Thursday. We don’t think that the market is going to move too quickly or even too far, but having said that we certainly think that the sellers will come back into play.
EUR/GBP Forecast October 17, 2014, 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.
