EUR/GBP Forecast February 16, 2016, Technical Analysis

The EUR/GBP pair went back and forth during the day here on Monday, as we continue to see quite a bit of volatility. This is a market that has quite a bit of noise just below though, so as a result we feel it’s only a matter of time before the buyers get back involved and we should continue to reach towards the 0.80 level. The 0.75 level below is massively supportive, and we think at that as the “floor” in this market. We have no interest in selling, and believe that patience will be profitable.