EUR/GBP Forecast Nov. 29th, 2011, Technical Analysis

EUR/GBP fell during the Monday session after going both positive and negative during the session. Both of these currencies are presently being thrown around by the events unfolding in the EU, and as a result this pair should remain choppy. The candle for the session looks very much like a doji, and shows just how directionless the pair is at the moment. This really is a contest between two unwanted currencies, so until we get close to a support zone in the form of 0.85 or resistance zone in the form of 0.8650 – we are flat in this market.

EUR/GBP Forecast Nov. 29th, 2011, Technical Analysis EUR/GBP Forecast Nov. 29th, 2011, Technical Analysis

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