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EURGBP Looking Buoyant as Double Bottom Forms

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The EUR/GBP has fallen strongly over the past week, breaking through several key technical levels as it was impacted by the resurgent pound. However, a double bottom has just appeared on the daily chart which could indicate a buoyant currency pair in the days to come. November has been a relatively down month for the embattled pair, as suggestions from the ECB that QE is likely to be expanded, have taken their toll upon the currency. Despite some buoyant economic data from the Eurozone, the

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