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EUR/GBP Forecast September 7, 2017, Technical Analysis
Updated: Sep 7, 2017, 04:09 GMT+00:00
The EUR/GBP pair initially tried to rally during the day on Wednesday, but turned around to fall and wipe out the gains. This makes quite a bit of sense,
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The EUR/GBP pair initially tried to rally during the day on Wednesday, but turned around to fall and wipe out the gains. This makes quite a bit of sense, as the British pound showed plenty of bullish pressure. However, I think that eventually we will break down below the 0.91 handle and go looking towards the 0.90 level which is much more significant support on the longer-term charts. Ultimately, I believe that a bounce from there should be a buying opportunity but in the short term it looks like the sellers are taking control.
EUR/GBP Video 07.9.17
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.
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