EUR/GBP Forecast November 28, 2016, Technical Analysis

The EUR/GBP pair rallied on Friday, but gave back about half of the gains. Ultimately, I think this market will try to breakdown but the 0.85 level has offered a bit of support for the short term. As you can see, there a lot of wicks on the previous candles this week, so I think that every time we rally the sellers will continue to get involved. I have no interest in buying this market, and I believe that every time we rally is just going to offer “value” in the British pound. - 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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