The EUR/GBP pair initially tried to rally during the course of the session on Tuesday, but found the 0.87 level above to be far too resistive. With this
The EUR/GBP pair initially tried to rally during the course of the session on Tuesday, but found the 0.87 level above to be far too resistive. With this being the case, we ended up forming a very negative candle, and fell down towards the 0.86 level below. I believe at this point in time will probably continue to drop from here and reach towards the 0.85 handle. I have no interest in buying, at least not until we break above the top of the shooting star from the Monday session. That would be a significant breakout to the upside.
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.
