The EUR/GBP pair tried to rally initially during the day on Friday but continues to find selling pressure above. Because of this, I think that the market
The EUR/GBP pair tried to rally initially during the day on Friday but continues to find selling pressure above. Because of this, I think that the market is eventually going to break down, and when it does we could fall significantly. I believe that the French election could cause quite a bit of bearish pressure in this marketplace, not to mention the fact that the British pound has recently broken out to the upside. Because of this, I am a seller and have no interest in buying this pair until we break above the 0.85 level for at least a few days.
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.
