EUR/GBP Forecast February 17, 2016, Technical Analysis

The EUR/GBP pair initially fell during the course of the session on Tuesday, but turned back around to form a positive candle. We believe that the market will continue to go higher, but it’s going to be very choppy. We believe that the market is going to try to get to the 0.80 level on the longer-term, and that every time we pullback there should be a slew of buyers to come in and take advantage of value as it presents itself. We have no interest in selling, and believe that there is a massive amount of support near the 0.75 level below.

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