EUR/GBP Forecast September 5, 2016, Technical Analysis

The EUR/GBP pair fell during the course of the day on Friday, but we still have the 0.83 level below that is offering quite a bit of support. It’s not until we break down below there that I feel that the market can move much lower. In the meantime, I am waiting for supportive candle that I can start buying as I believe the market will then try to reach towards the 0.8650 level. Above there, the market continues to go towards the 0.90 level after that. I do not have any interest in selling until we break down below the aforementioned support.

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