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EURGBP Getting Ready to Ride the Wave Higher

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The EUR/GBP has come under concerted selling pressure as a wave of negative sentiment swung over the pair following the Bank of England’s dovish comments on inflation. The pair subsequently declined sharply, however technical analysis is now signalling bullishness ahead as a major support line holds. The pair could only be described as volatile in the past few days as a range of negative fundamental news hits both the quote and base pair. The slide initially started with comments from the Bank

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