The EUR/GBP pair initially fell during the course of the week but did bounce towards the end as the bullish pressure continued. By the end of the week, we
The EUR/GBP pair initially fell during the course of the week but did bounce towards the end as the bullish pressure continued. By the end of the week, we ended up forming a little bit of a hammer so if we can break above the top is hammer, I feel that this market will continue to go much higher, perhaps reaching towards the 0.90 level given enough time. I have no interest whatsoever in selling this market from a longer-term perspective, so you do we get the breakout or we don’t, but that’s the only move I see.
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.
