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.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
