The EUR/GBP pair fell initially during the day on Friday but found support at the 0.8750 level. We are currently crashing into the 0.88 handle, and a
The EUR/GBP pair fell initially during the day on Friday but found support at the 0.8750 level. We are currently crashing into the 0.88 handle, and a break above the 0.8815 level should send this market even higher. The market has been well supported over the longer term, so if we can break out to the upside that would be bullish, not only because of that, but because it breaks above the top of the shooting star for the week. Alternately, if we break down below the 0.8750 level, that would be a selling opportunity.
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.
