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.
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.
