EUR/GBP Forecast June 27, 2016, Technical Analysis

The EUR/GBP pair shot higher during the course of the day on Friday, slicing through the 0.80 level above. With the United Kingdom voting to leave the European Union, it makes sense of the Euro continues to strengthen against the British pound which of course has been sold off drastically. Ultimately, this positive candle should continue to push the market higher given enough time, and as a result I believe that this is a “buy only” type of situation at this point in time. I have no interest whatsoever in selling, and believe that the 0.80 level should offer a bit of support.

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