EUR/GBP Forecast November 29, 2016, Technical Analysis

The EUR/GBP pair initially rallied on Monday, but turned around to form a less than impressive candle. There is quite a bit of noise just above, and as a result I believe that it’s only a matter time before the sellers get involved, and the 0.87 level above is essentially the “ceiling” in this market. With this in mind, I’m looking to sell, but not at this point as I believe that the market is far too choppy to begin with, especially considering that the market has been difficult and features 2 currencies that have quite a bit of problems behind each of them. - 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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