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
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.
