The EUR/GBP pair had a slightly positive session during the course of the session on Monday, as it appears that we are reaching back to the 0.90 level
The EUR/GBP pair had a slightly positive session during the course of the session on Monday, as it appears that we are reaching back to the 0.90 level again. This is a market that will more than likely find quite a bit of resistance above, so with that being the case I think although the longer term is probably going to be positive, it is going to be quite difficult to break above there. Pullbacks should continue to offer value, but keep in mind that it is going to be tough going.
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.
