The EUR/GBP pair initially tried to rally on Friday, but ended up selling off and forming a little bit of a shooting star. The shooting star of course
The EUR/GBP pair initially tried to rally on Friday, but ended up selling off and forming a little bit of a shooting star. The shooting star of course sits on top of a significantly noisy area, and as a result a break down below here although negative would be difficult to take simply because it’s going to be a very choppy affair to say the least. All things being equal, we do not like this pair right now and realize that trading the Euro or the Pound is probably easier against the Dollar.
EUR/GBP Forecast October 27, 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.
