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EURGBP, Update

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURGBP, Monthly The combination of positive Euro unemployment data and a downward revision in UK Q3 GDP growth has been supporting the EURGBP price in recent days. Looking for medium term direction, the monthly chart indicates that the EURGBP may be set to advance further since it now trades above the multi-year downward trend line. My medium term conclusion is for price targets at 0.7700 (October 2008 lows), and 0.7860 as an extended price target.

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