EUR/GBP Forecast October 13, 2016, Technical Analysis

The EUR/GBP pair went back and forth during the course of the session on Wednesday, as we continue to grind sideways overall near the 0.90 level. Ultimately, we pullback from here I believe that it’s only a matter time before the buyers find support and start going long yet again. The 0.87 level below is the absolute “floor” in the market, and as a result of that point time I like buying pullbacks as it offers value. On the other hand, if we break above the top of the shooting star from the Tuesday session, I would start buying them.

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