The EUR/GBP pair fell a bit during the session on Monday, but found a little bit of support to form a hammer-like candle for the day. The candle is of
The EUR/GBP pair fell a bit during the session on Monday, but found a little bit of support to form a hammer-like candle for the day. The candle is of course positive, and a break above it would be a good sign for a move higher. The market should then continue to the 0.80 after that. We also believe that the market will show a lot of support at the 0.79 level. The Euro will continue to be favored over the Pound at the moment, as there are concerns about the UK leaving the EU.
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.
