The EUR/GBP pair initially fell on Monday, but found the round number of 0.77 to be supportive enough to bounce. This looks like we are starting to see
The EUR/GBP pair initially fell on Monday, but found the round number of 0.77 to be supportive enough to bounce. This looks like we are starting to see buyers take over again, and this should have the market reaching towards the 0.79 level above. The area at that point is noisy, so we could get a bit of resistance. However, it looks likely that the longer-term buyers will return if we get above that region. Pay attention to the Euro, and if it rallies enough against other currencies, we should see the same thing here.
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.
