EUR/GBP Forecast January 26, 2016, Technical Analysis

The EUR/GBP pair rose during the course of the session on Monday, as we see quite a bit of support just above the 0.75 level. This of course is a large, round, psychologically significant number so it makes sense that the buyers would be attracted to this area. The fact that we are seeing the market close towards the top of the range is also a good sign, so therefore we are buyers at this point in time. We think the market will try to test the 0.77 level, and then perhaps go higher than that. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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