The EUR/GBP pair went back and forth during the course of the day on Tuesday, but ultimately settled on a negative candle. That being the case, the market
The EUR/GBP pair went back and forth during the course of the day on Tuesday, but ultimately settled on a negative candle. That being the case, the market looks as if it is trying to test the 0.79 handle, and although the area is rather significantly supportive, we are not willing to buy or sell at this point in time, simply because the market looks like it’s going to continue to be very erratic, and with that we find that trading the Euro and the Pound against other currencies will probably be the way to go going forward.
EUR/GBP Forecast October 22, 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.
