The EUR/GBP pair went back and forth during the course of the week, essentially settling on a neutral candle. I believe that given enough time we will
The EUR/GBP pair went back and forth during the course of the week, essentially settling on a neutral candle. I believe that given enough time we will continue to go higher though, because although the Euro is struggling in general, the reality is that the British pound will continue to suffer overall as the vote to leave the European Union has a lot of uncertainty when it comes to the British economy coming out in the markets. Having said that, this is going to be a market that should grind higher, not break higher.
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.
