The EUR/GBP pair broke a little bit higher during the course of the day on Tuesday, but remains mired in this general vicinity. The 0.79 level assumes
The EUR/GBP pair broke a little bit higher during the course of the day on Tuesday, but remains mired in this general vicinity. The 0.79 level assumes “fair value” based upon the fact that we have been consolidating in this area for some time. With that, I have no interest in trading this pair at the moment as I believe it will be much easier to trade the Euro war the Pound against other currencies such as the US dollar. Ultimately though, looking at the longer-term charts will more than likely set the tone for where this pair goes. At this point time though, and looks very neutral.
EUR/GBP Forecast October 29, 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.
