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
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.
