The EUR/GBP pair initially gap tire at the open of the week, and then fell. It looks as if we’re going to have to make serious decisions soon, as we are
The EUR/GBP pair initially gap tire at the open of the week, and then fell. It looks as if we’re going to have to make serious decisions soon, as we are sitting on top of significant support. Because of this, if we can get some type of supportive candle, the market should continue to go higher. This is essentially a referendum on the British pound more than anything else, so we should wait to see what happens. A supportive candle has me buying, but if we can break down below the 0.84 level, I feel at that point the market will break apart and start falling.
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.
