The euro initially rallied against the British pound on Monday but then turned around to fall through the 0.85 level at one point. This is a market that
The euro initially rallied against the British pound on Monday but then turned around to fall through the 0.85 level at one point. This is a market that continues to grind lower, and I believe is trying to reach the 0.8350 level below, but it isn’t necessarily going to be the easiest move in the world due to all the noise. Short-term rallies could offer selling opportunities on short-term charts, as we continue to make that grind. For myself, I will probably stay on the sidelines as I think there are easier markets to deal with.
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.
