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 Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam