EUR/GBP Forecast July 25, 2016, Technical Analysis

The EUR/GBP pair went back and forth during the course of the day on Friday, essentially forming a slightly positive candle. Ultimately though, this is a market that looks like it’s essentially stuck in consolidation at this point in time. I believe that we eventually go higher, so short-term pullbacks might offer buying opportunities, but quite frankly this is a market that I am very happy to be on the sidelines in at this point in time. After all, there are easier trades out there to place at the moment after the British vote. - 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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