The EUR/GBP pair rose during the course of the day on Thursday, breaking the top of the hammer from Wednesday. With that being the case, the market looks
The EUR/GBP pair rose during the course of the day on Thursday, breaking the top of the hammer from Wednesday. With that being the case, the market looks as if it is ready to go higher, as we are most certainly in an uptrend. We are buyers of short-term dips and of course a break out to a fresh, new high. At this point in time, it looks as if the 0.75 level will end up being the “floor” in this market going forward, and with that being the case this is a “buy only” market.
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.
