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.
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.
