EUR/GBP Forecast October 14, 2016, Technical Analysis

The EUR/GBP pair did almost nothing during the day on Monday, as we continue to hang about the 0.90 level. Ultimately, it looks as if we could continue to go higher given enough time but we need to build up enough momentum to actually do that. Pullbacks at this point in time should continue to offer value that traders want to take advantage of, as we grind our way towards the 0.9250 level yet again. I have notched in selling at this point in time, so having said that I’m simply looking for buying opportunities.

Economic Calendar