The EUR/GBP pair fell during the course of the week, but found enough support near the 0.75 level to turn things back around. By doing this, it looks as
The EUR/GBP pair fell during the course of the week, but found enough support near the 0.75 level to turn things back around. By doing this, it looks as if the market is trying to break out to the upside and reach the 0.78 level. Ultimately, longer-term trading should favor the upside as this market certainly looks like it’s picking up momentum, but you will have to be able to deal with quite a bit of choppiness on the way up. We have noticed whatsoever in selling this market.
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.
