The EUR/GBP pair fell significantly during the course of the week, breaking back below the 0.80 level. That of course is a somewhat negative sign but we
The EUR/GBP pair fell significantly during the course of the week, breaking back below the 0.80 level. That of course is a somewhat negative sign but we see quite a bit of support at the 0.79 level below, and with that being the case we are waiting to see a supportive candle in order to start going long. Ultimately, there is no real interest in shorting this market, so we are certainly waiting to see whether or not the buyers get involved again so we can go long.
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.
