EUR/GBP Forecast January 28, 2016, Technical Analysis

The EUR/GBP pair rose during the course of the day on Wednesday, as we continue to see resiliency in this market. The 0.75 level below should continue to offer support, and as a result we believe that it’s only a matter of time before the market continues to go higher. We believe that short-term pullbacks will offer buying opportunities, and a break above the top of the range during the course of the day on Wednesday will offer buying opportunities as well. We have no interest whatsoever in selling this market right now.

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