The EUR/GBP pair went back and forth during the course of the week, testing the 0.7850 level. This is a market that has quite a bit of upward pressure and
The EUR/GBP pair went back and forth during the course of the week, testing the 0.7850 level. This is a market that has quite a bit of upward pressure and it, so it’s only a matter time before we go higher in our opinion. A break above the top of the week should send this market looking towards the 0.81 handle. Ultimately, with all of the concerns of the United Kingdom leaving the European Union, we believe that the Euro will continue to be stronger than the Pound in general.
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.
