EUR/GBP Forecast July 19, 2016, Technical Analysis

The EUR/GBP pair did almost nothing during the day on Monday, as we continue to grind sideways. There is a gap below near the 0.8150 level, and I feel that it will be a bit of a “floor” in this market, and most certainly the 0.80 level below there will be as well. I’m waiting to see whether or not there is a supportive candle in order to start going long, or perhaps I will buy on a break to the upside on a fresh, new high. You away, I have no interest in selling this market until we get well below the 0.80 handle, something that doesn’t look very likely.

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