EUR/GBP: Major Levels 0.7374 and 0.7352

29 / 12 / 2015 | Technical Analysis
European Session
The EUR/GBP pair has been trending downwards since the 22th of December 2015, with the bears leading the price from as high as 0.7416 to as low as 0.7352.   

During the course of the day on Tuesday the pair fell aggressively from 0.7416 down to 0.7307. In the scenario where the buyers manage to push the pair higher and the price breaks above 0.7376, the pair could rise up to 0.7391 and 0.74169 in extension.

In the event that the sellers manage force the price below 0.7338, the pair could decelerate down to 0.7315 and 0.7291 in extension.     

Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.


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