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.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
