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.
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.
