The EUR/GBP pair initially went sideways, but then broke down below the 0.92 level during the Friday trading session. We are now approaching the 0.9150
The EUR/GBP pair initially went sideways, but then broke down below the 0.92 level during the Friday trading session. We are now approaching the 0.9150 level, but I think we may have further to go. Because of this, I am looking for more important support, somewhere near the 0.91 handle, and perhaps even the 0.90 level after that. Rallies are to be sold, but I think this is a short-term pullback more than anything else in a longer-term uptrend. Because of this, I believe that this is a short-term opportunity at best.
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.
