EUR/GBP Forecast August 11, 2016, Technical Analysis

The EUR/GBP pair initially fell during the course of the day on Wednesday, but found enough support at the 0.85 level to turn things back around and form a positive candle. With this being the case, the market more than likely will reach towards the 0.90 level given enough time. I think that pullbacks will find more than enough support as we continue to try to build momentum to the upside and at this point in time I have no interest whatsoever in selling this market as there has been so much support all the way down to the 0.8250 level.

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