The EUR/GBP pair fell down to the 0.85 level, and as a result we stopped right there. I believe that there is quite a bit of support just below so I’m
The EUR/GBP pair fell down to the 0.85 level, and as a result we stopped right there. I believe that there is quite a bit of support just below so I’m waiting to see some type of supportive candle in order to start buying. I believe that the market broke out for reason and of course the British pound will continue to be punished for the exit vote coming out of Great Britain. With this, I’m waiting for a supportive candle or an impulsive bounce in order to start going long again. I have no interest in selling.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
