The EUR/GBP pair rallied during the course of the session on Monday, but found a little bit of resistance above there. The 0.87 level has been pretty
The EUR/GBP pair rallied during the course of the session on Monday, but found a little bit of resistance above there. The 0.87 level has been pretty resistive in the past, and as a result we ended up forming a little bit of an exhaustive candle. However, I do think that eventually we will break over the top of the range for the session on Monday, and once we do that would be a buying opportunity. If we do fall from here, more than likely we should find supportive candles they offer buying opportunities below as well.
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.
