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.
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.
