EUR/GBP Forecast June 20, 2016, Technical Analysis

The EUR/GBP pair initially tried to rally during the day on Friday but turned around to form a very small shooting star. With this, looks as if the market is going to grind lower, but if we did manage to break above the top of the shooting star, I would be expecting this market to reach towards the 0.80 level yet again. Ultimately, there is a lot of volatility in this area so you will have to be quick and nimble to place any types of trade in this area. If we did break down, 0.7750 would be the target. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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