EUR/GBP Forecast October 26, 2016, Technical Analysis

The EUR/GBP pair initially rallied during the day on Tuesday, but found the 0.90 level above to be a little bit too resistive. However, I do think that eventually we get to the 0.90 level, and then eventually break above there as well. I think pullbacks continue to be supported but it is going to be very choppy, so we may have to attempt several times to finally break out. I believe that the 0.87 level below is essentially the “floor” in this market overall, and with that I believe that the longer-term trend eventually continues.

Eracash.com - 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. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com