EURGBP Market Outlook | Daily Forex Market Breakdown
EURGBP
Looking at Eurgbp now, I say this a lot but with gbp pairs you have to be very cautious as they are heavily influenced by fundamentals. EG rejected and pushed off 0.84 nicely, looking like we are slowing down. EG looks like it could be stuck in consolidation. Waiting to see how we react at current levels of resistance. I feel we could roll over to retest 0.84 once more.
Looking at Eurgbp now, I say this a lot but with gbp pairs you have to be very cautious as they are heavily influenced by fundamentals. EG rejected and pushed off 0.84 nicely, looking like we are slowing down. EG looks like it could be stuck in consolidation. Waiting to see how we react at current levels of resistance. I feel we could roll over to retest 0.84 once more.
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