The EUR/GBP pair fell during the course of the week, but found enough support near the 0.75 level to turn things back around. By doing this, it looks as
The EUR/GBP pair fell during the course of the week, but found enough support near the 0.75 level to turn things back around. By doing this, it looks as if the market is trying to break out to the upside and reach the 0.78 level. Ultimately, longer-term trading should favor the upside as this market certainly looks like it’s picking up momentum, but you will have to be able to deal with quite a bit of choppiness on the way up. We have noticed whatsoever in selling this 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.
