The EUR/GBP pair went back and forth during the course of the week, ultimately settling on a slightly positive candle. I believe that the 0.85 level above
The EUR/GBP pair went back and forth during the course of the week, ultimately settling on a slightly positive candle. I believe that the 0.85 level above is resistance though, so we can break above there I think that this market will then reach towards the 0.8750 level. Having said that though, it’s very likely that the market will continue to chop around, and as a result I think it might be easier to trade this market off of the short-term charts. Having said that though, I will certainly have no interest 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.
