EUR/GBP Forecast February 2, 2016, Technical Analysis

The EUR/GBP pair fell during the course of the session on Monday, but still sits above a significant amount of support at the 0.75 level to keep this market somewhat afloat. Because of that, we are waiting to see if we get some type of supportive candle to turn the market back around and start buying. The Euro certainly has found its footing against most other currencies around the world, so at this point in time we believe that it’s only a matter of time before we do break out to the upside. We have no interest in selling this pair at the moment.