EUR/GBP Forecast: Big sell-off likely below 0.83 - Oanda

Apr 26, 2017, 10:07 AM

Craig Erlam, Senior Market Analyst at Oanda sees a potential for big losses in the EUR/GBP pair once the crucial support at 0.83 is breached.

Erlam is bullish on Cable, but does not rule out a short-term pull back to 1.26 . Also discussed is the outlook for EUR/JPY. The segment is hosted by Tip TV Presenter Zak Mir and BGC Partners Strategist Mike Ingram.

Listen to the full segment for more info on the large head and shoulders pattern on EUR/GBP.

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