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.
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.
