EUR/GBP – Will it Break Through the Range? (Video)

Craig Erlam, Senior Market Analyst at OANDA speaks to Matt Brown about the move to the upside in the EURGBP and how it may not break the current range. Erlam notes the key level of 0.90 and a move up to this level may rotate to the downside. With EURGBP testing the 50% Fibonacci level, breaks above could be a bullish signal in itself. Sceptical of the bullish moves, Erlam highlights monetary policy as being “baked in” and despite good German GDP, bullish sentiment doesn’t have a much clout to push the pair higher.

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.