EUR/GBP Forecast September 8, 2016, Technical Analysis

The EUR/GBP pair broke above the top of the hammer from the previous session on Wednesday, showing real bullish pressure. I believe that we are going to aim for the 0.85 level above, but we also have an ECB interest rate decision and more importantly a press conference coming later. With this being said though, looks as if the buyers are interested, so I think we are going to try to make a move towards the resistance barrier, but expect volatility if nothing else at this point in time. I have no interest in trying to sell the market off.

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