The EUR/GBP pair initially tried to rally during the course of the week, but found the area above the 0.90 level to be far too resistive. With this being
The EUR/GBP pair initially tried to rally during the course of the week, but found the area above the 0.90 level to be far too resistive. With this being the case, it is likely that we will get a bit of a pullback from here, perhaps reaching down to the 0.87 level below. At this point in time though, I believe that the market will continue to find buyers on pullbacks though, so I’m not necessarily looking to sell, but rather looking for longer-term buying signals. A break above the top of the shooting star for the week would of course be very bullish.
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.
