The EUR/GBP pair fell initially during the course of the week, but turn right back around to form a hammer. The hammer of course is a bullish sign, and if
The EUR/GBP pair fell initially during the course of the week, but turn right back around to form a hammer. The hammer of course is a bullish sign, and if we break above the top of this hammer, the market should continue to go much higher. At this point in time, this is a very bullish market, and with that being the case, we are buyers of this pair and not interested in selling this market as the uptrend has been so strong as of late, and this pullback should be thought of as value.
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.
