The EUR/GBP pair rose slightly during the day on Wednesday, testing the previous neckline of what I see as an inverse head and shoulders. Because of this,
The EUR/GBP pair rose slightly during the day on Wednesday, testing the previous neckline of what I see as an inverse head and shoulders. Because of this, I’m looking for selling opportunity but I need to see some type of exhaustive candle or a breakdown below the bottom of the range for the Wednesday session to start shorting again. With this, I believe that this pair goes much lower, but we may need to take a bit of a breather in the meantime after the massive move in the British pound overall during Tuesday’s trading.
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.
