EUR/GBP Forecast May 20, 2016, Technical Analysis

The EUR/GBP pair fell during Thursday, but only slightly. The market looks as if it is oversold, but at this point in time we are not willing to buy this pair, as it looks likely to continue to show bearish pressure over the longer-term. Rallies that show signs of exhaustion will continue to be opportunities to sell in our opinion. The markets could very well fall to the 0.75 level below, as the market has seen a lot of interest in that area in the past. With this, we are looking for a chance to sell.

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