The EUR/GBP pair initially fell during the course of the week but did bounce towards the end as the bullish pressure continued. By the end of the week, we
The EUR/GBP pair initially fell during the course of the week but did bounce towards the end as the bullish pressure continued. By the end of the week, we ended up forming a little bit of a hammer so if we can break above the top is hammer, I feel that this market will continue to go much higher, perhaps reaching towards the 0.90 level given enough time. I have no interest whatsoever in selling this market from a longer-term perspective, so you do we get the breakout or we don’t, but that’s the only move I see.
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.
