EUR/GBP Forecast March 1, 2016, Technical Analysis

The EUR/GBP pair fell during the day on Monday, as the Euro itself lost value against most currencies. However, there is a significant amount of support just below current trading levels and as a result it’s likely that the buyers will return fairly soon. It on signs of support or a bounce in this general vicinity we are more than willing to buy this market as it is in a long-term uptrend and simply looks like it’s ready to try to build up momentum to eventually break out above the 0.80 level.

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