EUR/GBP Forecast February 4, 2016, Technical Analysis

The EUR/GBP pair initially fell during the course of the session on Friday, testing the 0.75 level. However, the market found enough buyers in that region to turn things back around and form a hammer. It appears that the Euro is going to continue to go higher against the Pound given enough time, but you will have to be willing to sit on the sidelines and deal with a bit of volatility in the process. Ultimately, we do think that this market probably reaches towards the 0.80 level, but it is going to take some time to get there. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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