EUR/GBP Forecast February 8, 2016, Technical Analysis

The EUR/GBP pair went back and forth during the day on Friday, ending up with a shooting star as a result. That being the case, looks like the market will probably fall from here if we break down through the bottom of the candle, reaching towards the 0.75 level where we anticipate seeing quite a bit of support. With this, we believe the pullbacks will offer value the people will take advantage of as the Euro has been so strong against the Pound. We’ve no interest in selling this market, and believe that it is only a matter of time before the bullish take over again. - 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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