The EUR/GBP pair had a positive session on Thursday, as we continue to see the market tried to rally. However, the 0.87 level above is the top of a very
The EUR/GBP pair had a positive session on Thursday, as we continue to see the market tried to rally. However, the 0.87 level above is the top of a very volatile section, so I believe it’s only a matter of time before the sellers come back and turn this market right back around. Because of this, I am waiting for an exhaustive candle to start selling. I have no interest whatsoever in buying this market, but rather would prefer to simply wait for “value” in the British pound going forward. Ultimately, patients will be needed.
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.
