EUR/GBP Forecast October 15, 2014, Technical Analysis
The EUR/GBP pair broke higher during the session on Tuesday, testing the 0.7950 level. We believe that this market should continue to go little bit higher, probably going to the 0.8050 level. However, this market is most certainly bearish longer-term, so we are not overly excited about going long at
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The EUR/GBP pair broke higher during the session on Tuesday, testing the 0.7950 level. We believe that this market should continue to go little bit higher, probably going to the 0.8050 level. However, this market is most certainly bearish longer-term, so we are not overly excited about going long at this point. In fact, we wish to wait for a resistant candle above in order to start selling yet again. We believe that the 0.80 level will be the beginning of resistance, and that we should see a significant zone of it offering selling opportunity soon.
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