EUR/GBP Forecast September 2, 2016, Technical Analysis

The EUR/GBP pair fell significantly during the course of the session on Thursday, as we continue to see quite a bit of volatility in the currency markets. However, the market is right in the middle of the consolidation area and this could cause the market to be fairly choppy. I believe that if we can break back above the 0.85 level, the market should continue to go higher. On the other hand, if we can break down below the 0.83 level, this market could fall from there. Anyway, we need to break out of this area in order to make a significant move.

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