The EUR/GBP pair went back and forth during the day on Wednesday, showing signs of volatility yet again. I believe that the 0.8650 level continues to be
The EUR/GBP pair went back and forth during the day on Wednesday, showing signs of volatility yet again. I believe that the 0.8650 level continues to be slightly supportive, but it looks as if the rallies are starting to get smaller as well. Because of this, I think you will more than likely need to see the market making impulsive candle to place the next trade. I’m on the sidelines currently, but given enough time I believe that the market will lead the way and then we can start following after that.
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.
