EUR/GBP Forecast September 6, 2016, Technical Analysis

The EUR/GBP pair fell slightly during the course of the day on Monday, but continues to find support just below at the 0.8350 handle. I believe that eventually we will break higher, and once we do in the markets will try to reach to much higher levels. A break above the top of the hammer for the session on Monday is reason enough to go long. If we fall from here, we will more than likely struggle a bit but I think eventually we would find likely drop down to the 0.80 level which I see as a “floor” in this marketplace.

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