EUR/GBP Forecast May 6, 2016, Technical Analysis

The EUR/GBP pair fell during the day as the Euro lost a little bit of its luster overall on Thursday. However, there is still plenty of support just below, so it’s only a matter time before the buyers enter the market as far as we can see. Today will be volatile in general, as the Nonfarm Payroll Numbers come out of America, so a supportive candle or a bounce could be used in order to start going long and pick up some “value” in this market. With no interest in selling at this point in time.