EUR/GBP Forecast February 9, 2016, Technical Analysis

The EUR/GBP pair broke higher during the course of the session on Monday, as we are testing the highs yet again. We believe that this market will continue to go higher, so therefore we are buyers on a break above the top of the range for the day. We have no interest whatsoever in selling this market, and believe that the 0.75 level below is going to remain rather supportive. Ultimately, we believe this market will try to reach the 0.80 level over the longer term. With this, we remain buyers of this market.