EUR/GBP Forecast August 30, 2016, Technical Analysis

The EUR/GBP pair broke a little bit higher during the course of the session on Monday, as we continue to see the 0.85 level below as being very supportive. This is an area that seems to attract buyers again and again, and with that being the case it’s likely that the Euro will continue to strengthen against the Pound, over the longer term. The 0.88 level is my next target, but I do realize that the move will probably be choppy at best. I see far too much support to think about selling at this point in time.

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