Advertisement
Advertisement
EUR/GBP Forecast September 14, 2017, Technical Analysis
Updated: Sep 14, 2017, 07:35 GMT+00:00
The EUR/GBP pair initially tried to rally on Wednesday, using the 0.90 level as a bit of a base. This is a very important level on the longer-term charts,
PREMIUM
Read what the experts are trading this weekExclusive analysis from FXEmpire top analysts — curated insights you won't find on the free site.In-depth analysis
Curated reports
Top analysts
Unlock Premium
The EUR/GBP pair initially tried to rally on Wednesday, using the 0.90 level as a bit of a base. This is a very important level on the longer-term charts, and therefore it’s not a surprise that we got a bit of a bounce. We pulled back later in the day though, and if we make a fresh, new low, I think we will probably go looking towards the 0.88 level underneath which is supportive as well. Overall, I believe that the market will eventually start buying again, but right now it appears that we are having trouble keeping gains. With the upcoming Brexit, skepticism about the British pound against the Euro will probably continue.
EUR/GBP Video 14.9.17
About the Author
Christopher LewisSenior Analyst
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.
Advertisement