The EUR/GBP pair fell during the day on Monday, as we continue to pull back from the recent breakout. Ultimately, the 0.85 level below should be a bit of
The EUR/GBP pair fell during the day on Monday, as we continue to pull back from the recent breakout. Ultimately, the 0.85 level below should be a bit of a “floor” at this point in time, and as a result am waiting to see whether or not we get some type of supportive candle in order to go long again. I have no interest in selling this market, as I see a massive amount of support just below the 0.85 handle going forward. With this, I’m simply waiting to see whether or not I can go long again.
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.
