The EUR/GBP pair fell slightly during the course of the session on Tuesday, but I still think there is a significant amount of support at the 0.85 level
The EUR/GBP pair fell slightly during the course of the session on Tuesday, but I still think there is a significant amount of support at the 0.85 level below. Because of this, some type of supportive candle or a short-term bounce could be used as an entryway into a market that has had a nice uptrend move, and it should continue to reach towards the 0.90 level above. At this point in time, I have no interest in selling this market, and am simply waiting to start buying based upon any signs of support.
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.
