The EUR/GBP pair rallied at the open on Wednesday, but turned right back around to form a negative candle. I think that there is quite a bit of support
The EUR/GBP pair rallied at the open on Wednesday, but turned right back around to form a negative candle. I think that there is quite a bit of support below though, so having said that I don’t think that this market is one that can be bought. I believe every time we rally and show signs of exhaustion is time to start selling yet again. I believe that we are reaching towards the 0.8350 level given enough time, and as a result I remain quite negative of this market going forward from here.
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.
