Forex Technical Analysis, EUR/GBP Daily Forecast June 8, 2016
Technical Analysis – The EUR/GBP pair fell during the day on Tuesday, testing the 0.7750 level but bounced a bit towards the end of the day. This is an area that has offered a bit of support and resistance in the recent past, so it’s not a huge surprise that the market reacted. Ultimately, this will continue to be very volatile due to the British vote on whether or not they want to stay in the European Union. With this being the case, we will more than likely just step aside from this market currently.
In Other View Point –EURGBP
DAILY BEARISH CANDLE WITH 0.5 RETRACEMENT. Seems like fail to make a new high too.