The EUR/GBP pair went back and forth during the course of the week, testing the 0.70 level. With this, we are selling rallies, but recognize that this
The EUR/GBP pair went back and forth during the course of the week, testing the 0.70 level. With this, we are selling rallies, but recognize that this pair is a bit tight at the moment in order to trade from a longer-term standpoint. If we can break out to fresh, new low, we could place longer-term trades to the downside, but at this point in time we feel that it’s probably best traded off of short-term charts as this pair tends to be rather choppy in general most times.
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.
