EUR/GBP Forecast September 26, 2016, Technical Analysis

The EUR/GBP pair rose during the day on Friday, as we tested the 0.87 handle. Ultimately, I believe that any pullback at this point in time would be a buying opportunity. The 0.84 level below should be a nice “floor” in this market, and with that being the case I think that the buyers will continue to punish the British pound for the exit move when it comes to the European Union. Ultimately, this market should then reach towards the 0.90 level above, if not even higher than that. Selling isn’t even a thought.

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