The EUR/GBP pair rose during the course of the session on Wednesday, but started to slow down the rally right at the 0.8150 level, or in other words at
The EUR/GBP pair rose during the course of the session on Wednesday, but started to slow down the rally right at the 0.8150 level, or in other words at the very first signs of resistance. For us, this is very telling as we are still in a downtrend, and the market will as soon as it runs into the first signs of having to fight that. With this being the case, we are looking for a resistive candle in order to start selling, he still maintain that this pair goes down to the 0.80 area before it’s all said and done.
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.
