The EUR/GBP pair initially rallied on Thursday, but shows signs of exhaustion above. I think that the market will probably favor the downside, but we do
The EUR/GBP pair initially rallied on Thursday, but shows signs of exhaustion above. I think that the market will probably favor the downside, but we do have a lot of noise underneath that could cause a bit of a bounce. Ultimately, I think you’re going to get a lot of volatility when it comes to these two currencies, but it’ll be interesting to see whether the buyers can support this market. I think that it’s probably a bit too dangerous to deal with right now, so I’m on the sidelines waiting for clarity.
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.
