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.

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