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EUR/GBP Forecast September 8, 2017, Technical Analysis
Updated: Sep 8, 2017, 04:20 GMT+00:00
The EUR/GBP pair had a volatile session during the day on Thursday as Mario Draghi had a press conference. It looks as if we are trying to find a bit of a
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The EUR/GBP pair had a volatile session during the day on Thursday as Mario Draghi had a press conference. It looks as if we are trying to find a bit of a bottom, near the 0.91 handle. Ultimately, I believe that the market eventually goes much higher, as the longer-term uptrend is still very much intact. That being the case, I think that we will eventually break above the 0.9225 handle, and go looking towards the 0.93 handle in the short term. I believe that the uptrend is very much intact, and should be used as a guiding principle in buying this pair.
EUR/GBP Video 08.9.17
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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