The EUR/GBP pair went back and forth over this past week, testing the 0.87 level above for resistance. We turn right back around to form a little bit of a
The EUR/GBP pair went back and forth over this past week, testing the 0.87 level above for resistance. We turn right back around to form a little bit of a shooting star, and thus I think we are getting continue to grind a bit lower. Grind of course would be the key word of that sentence, so I think it’s probably can be easier to short this market based upon shorter time frames. On the other hand, if we managed to break above the 0.87 level, at that time I think longer-term buyers could reemerge.
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.
