The EUR/GBP pair fell during the day on Thursday, showing even further negativity has entered the market. At this point, I believe that the market is
The EUR/GBP pair fell during the day on Thursday, showing even further negativity has entered the market. At this point, I believe that the market is going to reach towards the 0.86 level underneath, and perhaps even further. Ultimately, I think volatility will be very high in this pair, so with this being the case you will have to be able to deal with quite a bit of noise. Ultimately, I think that you will probably have to trade this market off short-term charts more than anything else. This has more to do with the British pound than anything else.
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.
