EUR/GBP Forecast October 11, 2016, Technical Analysis

The Euro rallied at one point during the early hours on Monday, but then fell to hover around the 0.90 level yet again against the British pound. This is a market that has crashed into a very significant barrier, and with that being the case it makes sense that we will continue to grind overall. I think pullbacks should be buying opportunities going forward, as this market is most certainly bullish overall in the longer term. With this being the case, a break above the top of the candle for the session on Monday could be reason enough to go long.

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