The EUR/GBP pair broke higher during the week, and more importantly broke above the 0.87 handle. If we can clear the top of the candle for the week, the
The EUR/GBP pair broke higher during the week, and more importantly broke above the 0.87 handle. If we can clear the top of the candle for the week, the market should continue to go higher, perhaps reaching towards the 0.90 handle. The market looks as if it is ready to continue the bullish trend, and what I would point out is that the British pound seems to be falling apart overall. Because of this, it makes sense that the market would continue to go higher. The longer-term trend will certainly show bullish pressure.
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.
