EUR/GBP Forecast September 7, 2016, Technical Analysis

The EUR/GBP pair initially fell during the course of the session on Tuesday, but turn right back around to form a bit of a hammer. A break above the top of the hammer would be a sign that the buyers are returning and reaching towards the 0.85 level. A break above there could very well send this market to the 0.87 level above there. On the other hand, if we break down below the bottom of the hammer that would be a very negative sign, and have this market reaching down towards the 0.80 level.

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