EUR/GBP Forecast October 17, 2016, Technical Analysis

The EUR/GBP pair fell initially during the course of the session on Friday, but turned right back around to form a bit of a hammer. This is a market that continues to go sideways in general, as I believe we are trying to find enough momentum to continue going higher. If we pullback from here, I believe that the support at the 0.87 level below will continue to be the absolute “floor” in this market. Given enough time, I believe that this market will then reach towards the 0.9250 level above. I have no interest in selling.

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