The EUR/GBP pair broke out to the upside during the course of the week but pullback a little bit towards the end of the week. We did break above the 0.85
The EUR/GBP pair broke out to the upside during the course of the week but pullback a little bit towards the end of the week. We did break above the 0.85 level during the course of the week, but we are bit overextended at this point in time and a pullback would not be overly surprising. I believe that a pullback from here should end up being a buying opportunity as a supportive candle will be a signal for bullish traders to reenter this market. I have no interest whatsoever in selling.
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.
