EUR/GBP Forecast February 11, 2016, Technical Analysis

The EUR/GBP pair fell a bit during the course of the session on Wednesday, but found enough support below to turn things back around and form a hammer. That being the case, the market looks as if it is going to continue to go higher, and a break above the top of the recent high is reason enough for putting money back in this market as we should then reach towards the 0.80 handle. With no interest in selling, and believe it is only a matter of time before buyers reenter every time we pullback.