The EUR/GBP pair broke higher during the course of the day on Thursday, clearing the top of the Wednesday candle. It looks as if the market is trying to
The EUR/GBP pair broke higher during the course of the day on Thursday, clearing the top of the Wednesday candle. It looks as if the market is trying to test the 0.87 level, which has been so massively resistive. At this point in time, I believe that the market will find buyers every time it dips, and that’s exactly how and going to play this market, buying on the dips. I think that eventually once we break above the top of the shooting star from earlier this week, the market will then start to work towards the 0.90 level above.
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.
