The EUR/GBP pair initially tried to rally during the week but rolled over to form a bit of a shooting star. At this point, I think that the market is
The EUR/GBP pair initially tried to rally during the week but rolled over to form a bit of a shooting star. At this point, I think that the market is going to continue to go little bit lower, looking for support near the 0.90 level. We have recently made a fresh new high, so I think it’s only a matter of time before value hunters come in on a pullback. I’m waiting to see if we get some type of supportive candle at the 0.90 level to start buying. If that level doesn’t work, then I start looking for buying opportunities near the 0.88 level.
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.
