The EUR/GBP pair initially dipped on Monday, but turned around to form a strong candle to the upside. I think that this is the bounce that we have needed
The EUR/GBP pair initially dipped on Monday, but turned around to form a strong candle to the upside. I think that this is the bounce that we have needed to see to have a little bit more of an orderly selloff. I believe that this rally will offer a nice selling opportunity on signs of exhaustion, and that’s exactly what I’m waiting for, and exhaustive daily candle. Ultimately, this is a market that features a couple of soft currencies, but I still believe that the Euro is in much more danger than the British pound.
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.
