I'm expecting the ranging period of the last 3 months in the EUR/GBP pair to continue, My forecast is for price to stay near the 0.8550 level. On the chart below you can see the big picture. The pair had a massive rally in January and February of this year. It rallied over 500 pips which is a lot for a low volatility pair like the EUR/GBP. Since then however, the pair has been stuck in a range for the past 3 months, trading between 0.8400 and 0.8636. The 4 hour lower timeframe chart shows the ra…
Read full story
Translate to English Show original