EUR/GBP Forecast February 15, 2016, Technical Analysis

The EUR/GBP pair fell during the course of the day on Friday, as we continue to see quite a bit of volatility in this market. Ultimately though, we believe that the 0.75 level below is essentially the “floor”, and as a result it’s very likely that the market will find buyers sooner or later so that we can continue to go higher. A supportive candle means that we could continue to grind our way higher and reach towards the 0.80 level given enough time. We do not have any scenario in which we are willing to sell this pair right now.

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