Advertisement
Advertisement

EUR/GBP Forecast October 24, 2016, Technical Analysis

By:
Christopher Lewis
Published: Oct 22, 2016, 04:46 UTC

The EUR/GBP pair fell slightly during the course of the session on Friday, as we continue to roll over a bit. Ultimately though, I believe that the market

EUR/GBP daily chart, October 24, 2016

The EUR/GBP pair fell slightly during the course of the session on Friday, as we continue to roll over a bit. Ultimately though, I believe that the market has massive amounts of support just waiting to be shown, and as a result I feel that the market will find buyers sooner or later, perhaps even bouncing to a fresh, new high. With this, I believe that the 0.87 level below is massively supportive, and with that being the case sooner or later the buyers will take over in this very strong uptrend.

About the Author

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.

Did you find this article useful?

Advertisement