EUR/GBP Forecast October 5, 2016, Technical Analysis

The EUR/GBP pair broke out during the day again on Tuesday, as we have made a fresh, new high. It appears of the market is going to continue to go higher given enough time, and I believe the pullbacks will find plenty of support near the 0.87 handle below. I think that eventually we go to the 0.90 level, which is of course my longer-term target for some time now. With this, I am a buyer and believe that we can come back to this market again and again to the upside.

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