The EUR/GBP pair fell during the course of the session on Monday, testing the 0.71 level. However, it looks like the market is simply trying to grind back
The EUR/GBP pair fell during the course of the session on Monday, testing the 0.71 level. However, it looks like the market is simply trying to grind back and forth overall, so it makes sense that the market it could go a little bit lower and reach towards the 0.7050 level. Rallies at this point in time would be thought of as selling opportunities as far as we can see, and as a result we have no interest in buying this pair at the moment. Ultimately, buying opportunities for us don’t exist unless we see something on a longer-term chart.
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.
