The EUR/GBP pair went back and forth during the course of the day on Monday, essentially settling nothing in going nowhere. Ultimately, the markets look
The EUR/GBP pair went back and forth during the course of the day on Monday, essentially settling nothing in going nowhere. Ultimately, the markets look as if they are trying to figure out which way to go, and that the 0.79 level will of course be somewhat supportive. Ultimately though, if we can break down below there, the market should continue to drop a bit and head towards the 0.78 handle. On the other hand, if we broke above the range for the session on Monday, it is possible that we head back to the 0.8050 handle, but truthfully this is a very choppy marketplace that we would be just as happy leaving alone.
EUR/GBP Forecast October 21, 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.
