EUR/GBP Forecast February 2, 2016, Technical Analysis

The EUR/GBP pair fell during the course of the session on Monday, but still sits above a significant amount of support at the 0.75 level to keep this market somewhat afloat. Because of that, we are waiting to see if we get some type of supportive candle to turn the market back around and start buying. The Euro certainly has found its footing against most other currencies around the world, so at this point in time we believe that it’s only a matter of time before we do break out to the upside. We have no interest in selling this pair at the moment.

Eracash.com - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com