EUR/GBP Forecast July 22, 2016, Technical Analysis

The EUR/GBP pair initially tried to rally during the course of the day on Thursday, but turned right back around to form a shooting star like candle. This is a market that should continue to find support just below, and as a result we could continue to see a little bit of bearish pressure, but quite frankly this is a market that has so much in the way of support just below that I’m quite hesitant to sell. I think this market will grind higher over the longer term, but a strong battle.