08 Jul 2014 01:10 BST Reading Time: 0 Seconds

EUR/GBP Looking Like It Wants To Carve Short-Term Base

Forex Daily Analysis 8th July 2014

Although EUR/GBP remains under medium-term pressure, there are signs of a potential bounce in the cross rate over the coming sessions.

$EURGBP poised for short-term bounce ahead of renewed selling. Via @joelkruger

Currency Pairs

Euro Battles around 1.1700

The Euro keeps dipping below 1.1700 but has refused to breakdown thus far.

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About Joel Kruger

I am a seasoned currency strategist and professional trader. I have worked for investment banks, fixed income research advisories and a leading foreign exchange brokerage. In 2012, I set up JKonFX.com to offer my daily insights and trading strategies.