EUR/GBP Showing Signs of a Reversal

01/30/2015 9:00 am EST

Focus: FOREX

Adam Button

Co-Owner and Managing Director, ForexLive.com

These currencies were headed in opposite directions on Thursday, so Adam Button, of ForexLive.com, takes a look at the chart that is beginning to look like it could climb higher and he thinks forex traders should watch for continued gains to this level.    

It looks more and more like longer-term euro shorts are taking profits Thursday. The euro and pound are headed in opposite directions Thursday and the EUR/GBP chart is beginning to look like it could climb further.

chart
EUR/GBP
Click to Enlarge

I’d look for continued gains to 0.7600.

By Adam Button, Editor, ForexLive.com

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