The EUR/GBP pair struggled during the day with the 0.7875 level. This area has been resistive, and as a result it looks like the market is ready to
The EUR/GBP pair struggled during the day with the 0.7875 level. This area has been resistive, and as a result it looks like the market is ready to continue falling from here. With that, the market should continue to consolidate between here and the 0.78 handle, but if we break down below the 0.78 handle, we feel the market should go quite a bit lower. On the other hand, if we break back above the 0.7875 level, we feel that this market could go as high as 0.80 the course of the next several sessions.
EUR/GBP Forecast September 23, 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.
