The EUR/GBP pair had a slightly negative weak, as we continue to grind lower. At this point, I’m expecting this market to test the 0.8350 level below. Any
The EUR/GBP pair had a slightly negative weak, as we continue to grind lower. At this point, I’m expecting this market to test the 0.8350 level below. Any short-term rally will more than likely offer a selling opportunity, but one thing I think that you have to be able to deal with in this market is going to be overall choppiness and volatility. It will be a slow grind lower, so be prepared to hang onto any short positions for quite some time. At this point, there are easier trades to take.
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.
