Advertisement
Advertisement
EUR/GBP Forecast September 6, 2017, Technical Analysis
Updated: Sep 6, 2017, 02:50 GMT+00:00
The EUR/GBP pair broke down during the session on Tuesday, testing the 0.9150 level. As I write this, we are starting to see a bit of support, so it’s
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 broke down during the session on Tuesday, testing the 0.9150 level. As I write this, we are starting to see a bit of support, so it’s likely that we will continue to bounce around. I think that the longer-term uptrend is still intact, but volatility is obviously going to be a major issue. The 0.92 level above could be resistive, but if we break above there I think that we will continue to go to the 0.93 level, and then eventually the 0.95 level which is my longer-term target.
EUR/GBP Video 06.9.17
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.
Advertisement