EUR/GBP Forecast August 31, 2016, Technical Analysis

The EUR/GBP pair fell slightly during the course of the session on Tuesday, and as a result tested the 0.85 level for support. With this being the case, the market will more than likely continue to be very volatile, but there is quite a bit of support in this region so I think it’s only a matter of time before we break out to the upside. I see a significant amount of support all the way down to the 0.8350 level, so with that I am still “buy only” when it comes to this pair.

Economic Calendar