EUR/GBP Forecast May 13, 2016, Technical Analysis

The EUR/GBP pair fell during the course of the day on Thursday, but still remains well within the consolidation area that been holding this market off. Quite frankly, we believe that a buying opportunity will present itself, but we need to see either a bounce for some type of supportive candle in order to start going long as the market certainly looks a bit bearish of the last 24 hours. We believe ultimately this market will try to get to the 0.81 level, but it could be a bit of a fight to get to that level.