The EUR/GBP pair rallied off of the 0.85 level in order to form a nice bullish candle that I believe signals we are getting ready to continue to go much
The EUR/GBP pair rallied off of the 0.85 level in order to form a nice bullish candle that I believe signals we are getting ready to continue to go much higher. Eventually, the 0.88 level gets targeted, and then eventually the 0.90 level. It’s not necessarily that I am excited about the Euro, it’s more or less that I don’t think that the British pound can do well in this particular environment. It will be a grind, but I anticipate that we are going to go higher over the next several weeks.
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.
