EUR/GBP Forecast April 18, 2017, Technical Analysis

The EUR/GBP pair tried to rally during the day on Monday but continues to find the 0.85 level as an area of interest. This caused a bit of resistance, and it looks as if we’re going to try to break down below the uptrend line just below. If we do, I think that the market can go much further, but we will have to wait and see whether that happens. A break above the 0.85 level could be a short-term buying opportunity, but I would suggest that it is only short-term at best.

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