FORECAST BY MARIUS GHISEA- EUR/GBP (November 16-20)

According to the MACD on the daily chart, the EUR/GBP currency pair will rise in the medium long term. If the price reaches EMA 15 at 0.7125, the target for this pair in the medium long term may be Fibo 38 at 0.7278.

EURGBPdaily-page-001

At this moment, the EUR/GBP currency pair is into a range on 8 hour chart. EUR/GBP will break out of its range, if the price reaches 0.7090. In this situation, the price may go up at 0.7207 where is Fibo 50.

EURGBP8h-page-001

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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