The EUR/GBP pair fell significantly during the course of the week, testing the 0.78 level for support. We found it there, and it now looks as if the
The EUR/GBP pair fell significantly during the course of the week, testing the 0.78 level for support. We found it there, and it now looks as if the market is going to have a fight on its hands. However, closing towards the bottom of the candle typically means that we are going to continue to go much lower. However, we see even more support at the 0.77 handle, so having said that this is probably best traded from the shorter-term charts as longer-term traders won’t have enough room to be comfortable.
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.
