EUR/GBP Forecast October 18, 2016, Technical Analysis

The EUR/GBP pair rose slightly during the course of the session on Monday, using the 0.90 level as support. Ultimately, there is more than enough resistance above to continue to make this a choppy market, but over the longer term we are most obviously positive, so I am a buyer every time we pullback and show signs of support. I have no interest in selling, and believe that we will eventually reach back to the 0.9250 level above. I believe that ultimately the absolute “floor” in the market is somewhere near the 0.87 level below. - 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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