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EUR/GBP Forecast September 11, 2017, Technical Analysis
Updated: Sep 9, 2017, 05:36 GMT+00:00
The EUR/GBP pair initially tried to rally, but then collapsed. The 0.91 level underneath is slightly supportive, but I think it’s only a matter of time
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The EUR/GBP pair initially tried to rally, but then collapsed. The 0.91 level underneath is slightly supportive, but I think it’s only a matter of time before he breakdown start selling again. This is because I expect to see more support at the 0.90 level than what we have now, so I believe that rallies will be short-term selling opportunities. I don’t have any interest in buying yet, especially after this massive move to the downside. However, the longer-term target should continue to be higher, and I think that we are just simply see in a bit of a corrective move.
EUR/GBP Video 11.9.17
About the Author
Christopher Lewisauthor
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.
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