EUR/GBP Forecast September 13, 2016, Technical Analysis

The EUR/GBP pair fell from the 0.85 level, which is obviously a round number. This almost always causes a reaction anyway, and as a result it is likely that the sellers would always have been reactive. The market breaking above the 0.85 level would be a good sign, and I would be bullish at that point in time. The market breaking down a bit form here should find buyers sooner rather than later, so in general, I think the bullish traders take over again, as there are a lot of concerns when it comes to the Pound.

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