EUR/GBP Forecast September 23, 2016, Technical Analysis

The EUR/GBP pair initially tried to rally during the course of the session on Thursday, but turned around to form a bit of a shooting star. Ultimately though, there is quite a bit of support below that should continue to keep this market afloat. In the meantime, expect that we will see a bit of sideways choppiness with an upward bias overall. I’m a buyer, and as a result I a am simply waiting for reasons to go long. Once we get towards the top of the shooting star from a couple of sessions ago, I believe that the market will then reach towards the 0.8750.

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