The EUR/GBP pair broke higher during the day on Thursday, clearing the top of 3 shooting stars. That’s an extraordinarily bullish sign, and it appears
The EUR/GBP pair broke higher during the day on Thursday, clearing the top of 3 shooting stars. That’s an extraordinarily bullish sign, and it appears that the market is going to try to reach towards the 0.88 handle now. Short-term pullback should be buying opportunities, and it now looks as the previous thoughts of a head and shoulders are all but gone. I have no interest in selling, I think there’s far too much bullish pressure now, and therefore will look for buying opportunities at lower levels. Breaking above the 0.87 level was significant.
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.
