The EUR/GBP pair initially tried to rally during the session on Wednesday, but turn right back around to form a bit of a shooting star. If we can break
The EUR/GBP pair initially tried to rally during the session on Wednesday, but turn right back around to form a bit of a shooting star. If we can break down below that shooting star, it could be a short-term selling opportunity, especially considering that we have broken down below the 0.85 handle. Ultimately, this market looks very likely to cool off for the moment, but having said that it’s likely that we will continue to see bullish pressure. On the other hand, we could break above the top of the shooting star which of course is very bullish.
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.
