EUR/GBP Forecast October 10, 2016, Technical Analysis

The EUR/GBP pair went back and forth in order to form a bit of a neutral candle. The 0.90 level above is massively resistive, so we may have to pull back a little bit in order to build up enough momentum to continue going higher. I would love to see a pullback as it would represent value in this market. However, if we can break above the top of the candle for the session on Friday, that is probably reason enough to go long as well. I believe at this point in time the 0.87 level below is essentially the “floor” in the market. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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