EUR/GBP Forecast October 4, 2016, Technical Analysis

The EUR/GBP pair shot higher initially during the day on Monday, and then continued to slice through the 0.87 level. With this, I believe it’s only a matter of time before we pullback and find buyers below. After all, the 0.87 level was so resistive, so it should now be very supportive. With this being the case, the market should eventually go to the 0.90 level above, and with this being the case I think that you can buy again and again, and as a result there is no scenario at this point in time in which I’m willing to sell.

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