EUR/GBP Forecast June 15, 2016, Technical Analysis

The EUR/GBP pair had a volatile session on Tuesday, essentially going nowhere. It looks as if the 0.80 level above is going to be massively resistive, and that the 0.79 level below is trying to act as support. We could be trying to build up enough momentum to finally break out to the upside, which would make a lot of sense considering that so many people were concerned about the EU referendum vote in the United Kingdom right now. With that being the case, break above the 0.80 has me buying this pair, but as far selling is concerned there is a lot of noise below that I would have to be worried about.

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