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EUR/GBP forecast for the week of September 18, 2017, Technical Analysis
Updated: Sep 16, 2017, 05:32 GMT+00:00
The EUR/GBP pair fell apart during the week as we crashed into the 0.88 level. This is an area that was significant support in the past though, so I
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The EUR/GBP pair fell apart during the week as we crashed into the 0.88 level. This is an area that was significant support in the past though, so I suspect that selling here is probably going to be a bit dangerous. On a supportive looking candle, or even a bounce, I’m willing to go long of this pair as we are most certainly in a longer-term uptrend. With this, patience will be needed but I think eventually the uptrend will continue, offering a nice buying opportunity in this general vicinity.
EUR/GBP Video 18.9.17
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.
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