The EUR/GBP pair had a volatile week, forming a slightly negative and yet neutral candle at the same time. I believe that the market may drift a little
The EUR/GBP pair had a volatile week, forming a slightly negative and yet neutral candle at the same time. I believe that the market may drift a little bit lower but there is significant support below, especially near the 0.85 handle. Alternately, if we can break above the top of the weekly candle, I believe that the market will then eventually go higher, perhaps even reaching towards the 0.90 handle. There is a lot of volatility in this pair, because it is essentially “Ground Zero” for the Article 50 being triggered.
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.