EUR/GBP Forecast September 30, 2016, Technical Analysis

The EUR/GBP pair broke higher during the course of the day on Thursday, clearing the top of the Wednesday candle. It looks as if the market is trying to test the 0.87 level, which has been so massively resistive. At this point in time, I believe that the market will find buyers every time it dips, and that’s exactly how and going to play this market, buying on the dips. I think that eventually once we break above the top of the shooting star from earlier this week, the market will then start to work towards the 0.90 level above.

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