EUR/GBP Forecast November 25, 2016, Technical Analysis

The EUR/GBP pair did very little on Thursday as markets were relatively quiet. Ultimately, most markets were quiet since the United States was celebrating Thanksgiving. This is a market that continues to grind lower though, and I believe is reaching towards the 0.8350 level. Any rally this point in time will probably be sold off on signs of exhaustion, but I still believe that it’s going to be choppy at best. It’s a longer-term move waiting to happen, but it’s going to move in slow motion. I don’t have any interest in buying until we break above the 0.87 handle. - 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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