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.
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.
