EUR/GBP Forecast November 4, 2016, Technical Analysis

The EUR/GBP pair fell significantly during the day on Thursday, as the British pound rose due to the fact that the Bank of Japan failed to add to quantitative easing. With this, we reach down to the 50-day exponential moving average, which is a moving average that a lot of longer-term traders will pay attention to. Any bounce from here should send this market looking for the 0.90 handle, and I would also suggest that the 0.87 level below is going to be the “floor” at this point in time. I have no interest in selling. - 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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