EUR/GBP Forecast November 8, 2016, Technical Analysis

The EUR/GBP pair did very little during the day on Monday, as we await the US presidential election results. The 0.90 level above is massively resistive, so we may have to work on the ability to build up momentum in order to finally break out. I think that there is a “floor” at the 0.87 level below, so I have no interest whatsoever in selling this market and I think that every time we roll back it’s going to be a nice buying opportunity based upon value. Because of all of that, I have no interest whatsoever in selling this market.

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