EUR/GBP Forecast September 12, 2016, Technical Analysis

The EUR/GBP pair went back and forth during the course of the session on Friday, essentially forming a fairly neutral candle. That being the case, the market looks as if it is going to continue to struggle just below the 0.85 handle. A break above there is going to have to deal with quite a bit of resistance, but I do believe that eventually we go higher. I think it’s going to be more of a fight more than anything else though, so with that you’re going to have to be patient and think of this more or less as a bit of an investment and less of a trade.

Economic Calendar