EUR/GBP Forecast June 16, 2016, Technical Analysis

This particular currency pair is absolute “Ground Zero” when it comes to all things involving the referendum on the European Union in the United Kingdom. With that being the case, expect a lot of volatility but at this point in time it looks as if the market is continuing to find buyers just below. With this in mind, I feel that this pair will eventually reach towards the 0.8080, and once we get above there go much higher. If we break down from here, there’s far too much in the way of support all the way down to the 0.7750 level to keep me from selling.

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