EUR/GBP Forecast November 3, 2016, Technical Analysis

The EUR/GBP pair initially fell during the course of the day on Wednesday, but turned right back around to form a bit of a hammer. The hammer sits just above the 0.90 level, so that of course is very bullish. However, I do recognize that there is a lot of noise above so it won’t necessarily be an easy move. “Grind” is going to be the key word in this market but obviously we are in an uptrend, and should continue to be so. I have no interest in selling at this point.

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