The EUR/GBP pair initially tried to rally during the course of the week but turned back around as the 0.90 level above has been so resistive. With this
The EUR/GBP pair initially tried to rally during the course of the week but turned back around as the 0.90 level above has been so resistive. With this being the case, we ended up forming a bit of a negative candle, and with that it looks very likely that the market looks for the 0.87 level below which was massive resistance in the past and should now be supportive going forward. Any type of supportive candle in that area should be a nice buying opportunity, and we should continue to go much higher.
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.
