The EUR/GBP pair fell initially during the course of the week, but turn right back around to form a hammer. The hammer of course is a bullish sign, and if
The EUR/GBP pair fell initially during the course of the week, but turn right back around to form a hammer. The hammer of course is a bullish sign, and if we break above the top of this hammer, the market should continue to go much higher. At this point in time, this is a very bullish market, and with that being the case, we are buyers of this pair and not interested in selling this market as the uptrend has been so strong as of late, and this pullback should be thought of as value.
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.
