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.
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.
