EUR/GBP Forecast October 20, 2016, Technical Analysis

The EUR/GBP pair went back and forth during the course of the session on Wednesday, forming a relatively neutral candle. It appears now that perhaps the buyers will try to go back, but the 0.90 level above is massively resistive. If we do break down below the bottom of the candle for the day, I feel that we will probably drop down to the 0.87 handle. That should be massively supportive, so having said that I believe that this is a “buy only” market, but it’s just a simple matter of waiting to see when the market starts to go higher again. - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. bears no responsibility for any trading losses you might incur as a result of using any data within the