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.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
